A client is using and tracking inventory on hand. They purchased 10 widgets at $10 each and 10 widgets at $15 each. All of the widgets are sold in one transaction.

Considering QuickBooks Online uses the FIFO method for tracking inventory, what is the best way to see line items affected in the sales transaction?

1. Run a Balance Sheet, and select Inventory on hand to see the transaction history
2. Open the customer invoice, and select the transaction journal
3. Run an Inventory Valuation Summary
4. Run a Profit & Loss, and select Cost of Sales account to see the transaction history