Fixing Wrong Average Cost?

Parts, catalogs, purchase orders, inventory
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blawyer41
Member
Posts: 11
Joined: Thu Aug 15, 2019 4:23 am

Fixing Wrong Average Cost?

Post by blawyer41 »

we have some inventory parts showing the average cost as $20 to $50 on a part that has only ever cost $4.50. Is there anywhere to go to change that? I am assuming a PO was entered wrong somewhere previous.
LazyTurtle

Re: Fixing Wrong Average Cost?

Post by LazyTurtle »

Morning Blawyer41,

Thank you for posting on the forum. Average cost is reset once the quantity on hand drops to 0. It will then reference the Last Cost as Average cost. So all you need to do is have your last cost set to what it should be, set the on hand amount to 0, and then change it back to what ever amount you actually have on the shelf.

Hope this helps!
blawyer41
Member
Posts: 11
Joined: Thu Aug 15, 2019 4:23 am

Re: Fixing Wrong Average Cost?

Post by blawyer41 »

Holy mackerel, I should have asked this a long time ago, lol. Worked perfect, thanks so much!
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