I agree with Lewis on using the Item Ledger Entries and Item tables.
I go to Item Ledger Entries and sort Posting Date by descending order then export to Excel, then I delete duplicates by Item No. Then to get a comprehensive list of items with no activity or latest transaction date, I also take an export of all Items and do a vlookup against Item No and bring in the Posting Date from the Item Ledger Entries export. I can then filter by whatever date period I am looking for and it also will show me items with no transaction history too.
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