I have created a stock item with Standard Valuation Method and have updated the pending cost and default prices as shown below:
But upon processing 2 step transfer, the total (COGS) costs aren’t getting calculated.
Kindly guide me out if I am missing out something here.
Best answer by darylbowman
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+11
You’ll notice in the ‘Standard Cost’ section of Stock Items, right underneath the red box, the ‘Current Cost’ is $0. This is your problem.
In order to move a ‘Pending Cost’ into the ‘Current Cost’, you need to use the ‘Update Cost’ action.
You’ll notice in the ‘Standard Cost’ section of Stock Items, right underneath the red box, the ‘Current Cost’ is $0. This is your problem.
In order to move a ‘Pending Cost’ into the ‘Current Cost’, you need to use the ‘Update Cost’ action.
Thank you
+11
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