If an item is received under the correct unit cost, specifically due to landed cost errors, would the best way to correct this is to do an adjustment referencing the receipt number, and adjusting the extended cost of the item?
I thought that would be the best way to do this but when I tried in our test tenant I noticed that the cost layer for that item/receipt combination did not change.
Question
Correcting Unit Cost with Inventory Valuation as FIFO
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.