Versions

AM10 for SQL and Express (and higher versions)

Modules

AR, IC, MI, SO, PO, RA, RV

Question

I want to change the average cost of an item that is not set to update on-hand quantity and for which the cost method is average. How can I do this?

Answer

You can change the average cost of an inventory item not set to update on-hand using either of these options:

Option 1: Through the Inventory Maintenance function:

  1. Amend the average cost value in the Inventory Maintenance ► Settings (1) ► Average Cost field.
  2. Click the Update button to save your changes.

Option 2: Through the Inventory Adjustment function:

  1. Access the Inventory Adjustment function in Maintenance.
  2. Enter the Item #.
  3. Enter the new unit cost in the Unit Cost ► Adjustment field (the default unit cost is the existing average cost).
  4. Enter a Remark and click Save.