Default Stock Cost

The value of your products is based on the information in the Default Cost field, and will not be adjusted when products are bought or sold. The Default Cost is a static number. This standard cost will also appear on the Stock report, and will be used to calculate the Stock Value on the report. The Cost field will show the average cost of a product if you are using the Average Cost method, or the cost of the next product to be sold if you are using FIFO costing method (set when the store was created).

The actual total value of your Inventory will be available in AccountEdge or QuickBooks.