Example I have the last two orders of a product both have $7.40 as the unit price with no discounts. The ending inventory is less than the amount ordered on the two invoices but the unit price Adaco has is $6.92
I am wondering how Adaco calculates the average cost of an inventory item.
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Thank you for your query. Identifying how the value of an item is calculated taking into account: Weighted Average Cost, Account Quantity On-Hand, & Transactional Prices (Purchases/Receivings, Requisitions/Transfers, Adjustments, etc.) can be found on our Bin Card Report outlined here: https://fc.force.com/customer/s/article/Purchasing-Inventory-Product-Bin-Card-Report
Thank you for your query. Identifying how the value of an item is calculated taking into account: Weighted Average Cost, Account Quantity On-Hand, & Transactional Prices (Purchases/Receivings, Requisitions/Transfers, Adjustments, etc.) can be found on our Bin Card Report outlined here: https://fc.force.com/customer/s/article/Purchasing-Inventory-Product-Bin-Card-Report
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