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
Happy to help!
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
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.
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