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Old 01-04-2018, 05:19 PM
eeking eeking is offline
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Join Date: Dec 2005
Location: Arkansas
Posts: 55
Last Unit Cost correction

If Last Unit Cost was entered incorrectly in the Inventory Set up is there a way to correct this?
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Old 01-24-2018, 06:43 AM
mrguinness mrguinness is offline
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Join Date: Dec 2013
Location: NJ
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You can just edit it directly on the inventory item.
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Old 01-30-2018, 02:04 PM
jdierkhising jdierkhising is offline
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Join Date: Jun 2004
Location: Minneapolis
Posts: 428
Once the item has been used you cannot edit the Last Unit cost. So if it is incorrect then it must not have been used on a purchase because a Stock item would have the purchase cost update itself automatically so it shouldn't be incorrect. In any case, if you need to edit the unit cost, do an inventory adjustment to zero out the qty on hand and then do a second inventory adjustment to put the items back into inventory and the new unit cost. The variance will remain on the income statement and the system will correct itself with a system adjustment if there are any negative cost tiers.
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