We use standard costing, but I would also like to know what the actual last cost of items are that we receive in. The last cost information under the Cost Statistics section of an item is the last standard cost. Is there somewhere else I can go to see what the items last actual cost is?
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Does Acumatica calculate and report the last actual cost?
Best answer by gmercede
For purchasing, the last cost is updated based on the payables preference under Price/Discount Settings, Vendor Price Update. You can choose on AP Bill Release, PO Entry or None.
This info is found on the cost statistics, but also found on the Vendors tab of the item profile specific to that vendor.
If you are trying to understand the last cost entry from a manufacturing production order while I don’t believe that updates “Last Cost” you can always run the inquiry Transaction Details and it will show how your cost of an item is impacted every time a transaction is created, or by day
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