12. You are reviewing the inventory balances for the new Demo Inventory product. The only activity you are aware of was an order and receipt of 10 of the new Demo Inventory product. You run a report of all of the transactions for the Demo Inventory Product and review the initial setup. Why are there more items in inventory than you think?

QBO Find and Fix PRODUCT/SERVICE REPORT: DEMO INVENTORY ITEM All Dates NUM NAME MEMO DESCRIPTION QTY RATE AMOUNT BALANCE DATE TRANSACTION TYPE 130 Inventory Asset 07/01/20x1 Inventory Starting Value 07/10/20x1 Bill START 5.00 25.00 125.00 125.00 Demo Inventory Item - Opening inventory and value Demo inventory item 10.00 25.00 250.00 375.00 Personal Software Total for 130 Inventory Asset $375.00 Inventory Starting Value #START Management products:Demo Inventory Item Initial quantity on hand 5 As of date 07/01/20x1 What's the as of date? Initial cost 25 Inventory asset account 130 Inventory Asset Inventory adjustment account Opening Balance Equity