How to reproduce:
1. Open the user-attached project
2. Open the “TestLevelMorgan” Scene
3. Focus the “cybercube_1 (1)” Prefab in the Scene, via the Hierarchy window Search Bar
4. Change the “cybercube_1 (1)” Layer to “Pending”
5. Note that the mesh disappears
6. Select “UniversalRenderer” settings, via the Project window Search Bar
7. Expand the Opaque Layer Mask drop-down setting
8. Un-tick any of the options given (except for “Pending”)

Expected result: Mesh is visible regardless of the Opaque Layer Mask setting
Actual result: Mesh is only visible when Opaque Layer Mask filters out any Layer (besides “Pending”)

Reproducible with: 12.1.7 (2021.3.12f1), 13.1.8 (2022.1.21f1), 14.0.3 (2022.2.0b12), 15.0.1 (2023.1.0a16)
Couldn’t test with: 10.10.1 (2020.3.41f1) - Pink Shaders

Reproduced on: macOS Monterey 12.6 (Intel)

Note:
- Reproducible on a new URP Sample Scene project
- Could not find a similar setting with HDRP to verify if the issue reproduces
- Issue is also visible/reproducible in Build