We currently use the Inventory Valuation setting Average for all our properties. I was wondering how that is calculated. The reason is that I was looking through a BIN Card for Parsley and noticed that the price changed from $16 to $18.95 in one transaction. It seems that it used the $18.95 price once there was a new purchase. I thought it was an average of all the prices that it has been received over a certain period of time. Does it only do the average of the prices received when you have a positive inventory? Would it be possible to get a more detailed explanation for my accounting team to see so they know how to explain it for our auditors? Thanks,
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