RE: My item has only got 1 item receipt. However, the ‘Average Cost’ and ‘Last Purchase Price’ are different

I have worked out that the ‘last purchase price’ is correct, however, our inventory valuations are based on average inventory, so need to somehow correct the average inventory

Gregastro Rookie Asked on January 26, 2022 in Items.
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2 Answers

Thanks Daniel.

However, with just 1 item receipt in the system, the Average Cost should be the same as the last purchase price


Rookie Answered on January 26, 2022.

Do you have any other posting transactions on this item besides an item receipt? Inventory adjustment, inventory worksheet, etc.

on January 26, 2022.

Agreed. Cost is calculated at the location level so I would make sure you’re seeing LPP and Avg Cost of the location vs. Item level (which is summary).

on January 26, 2022.
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