@ltussing03 is this a purchased item or a Manufactured item?

purchased

valuation method standard

@Debbie Baldwin any thoughts on this?  Can we really not change standard costs on stock items if they have inventory QTYs?

I’ve only ever seen this issue when changes the UoM, not cost.  We use Standard Valuation, and can adjust costs.  To make sure, you are going to the Pending Cost, then trying to Update Pending Costs?

You have to update the Pending Cost, either manually or using the BOM Cost Roll. Then run the Standard Cost Preview Report to make sure your Standard Cost Adjustment won’t set your CFO;s hair on fire. Then run Update Standard Cost process which will revalue the inventory and create a standard cost adjustment transaction.

https://help.acumatica.com/Help?ScreenId=ShowWiki&pageid=29dd17ca-5a7d-4ec8-864f-4f8d8916efb1

I get the error on the stock item screen.

@ltussing03 - it’s only going to work using Dennis’s suggestions above. 

Thank you.  I read through it but misunderstood to just update the pending cost without trying to “update costs” from the stock item screen.

Thanks Dennis!

Thanks for helping Debbie!

Btw this is the exact reason for the screen ID IN502000 “Update Standard Costs” in the Inventory workspace.  Its odd as you need to set the Pending Date and cost on either the Stock Item screen or the Item Warehouse Details screen first then use this screen to do the actual update process.  It will then create the inventory adjustment that records the value change.