QB 2010 Help states the following. I take it there is no way to correctly allocate the shipping and taxes on purchase of inventory items to the actual inventory, other than manually adjusting the cost per item to include these expenses?
"Note: For inventory item purchases, you can associate expenses such as tax or freight charges with your cost of goods sold accounts (COGS) instead of with an expense account."
Treating all the shipping and taxes as COGS for items still held in inventory isn't correct.
-Mark Bole