How do you change the cost when new items come in at a different price but still keep track of the old items at the orginal cost? I am not finding a way to do this to give me accurate account what I have tied up in inventory.
Cost changes
Oct 17, 2005
3 Replies
Yhike,
SO Manager | File Configuration | Inventory tab | Select Average Cost usually, but check with your accountant first.
If you just change the cost in Item Properties, you are overriding the weighted average with your new value. The average cost is only going to be updated through Purchase orders and transfers. Note that what you may want to do is change the Supplier Cost on the Item's Supplier tab, so that the new cost will be applied to future POs for that supplier...
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