Reply To: Decimal places for Unit/Standard cost

  • David Wiser

    Member
    June 5, 2023 at 1:07 pm
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    A couple of things at play here. When you roll standard costs and it calculates to $0.69, that is what any new inbound entries would be valued at. The Unit Cost field on the item card is designed to be the weighted average cost of the inventory you have on hand. This should also be the value on the Inventory Valuation report. The unit costs on the Inventory Valuation is a calculation of the Cost Amount divided by the quantity. So if you have layers in inventory that have different costs, the report will give an weighted average.

    I am also tagging Kim Dallefeld on this who may have further insight. @kimd

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