Hello! Please any one can help me, when I update the standard cost of an item, the cost on Inventory valuation report does not change to current updated cost. Please help me on this.
Thanks
Hello mabula
The unit cost in the inventory valuation report is not standard cost but average cost so modifying standard cost will not change the stock value. You should make an inventory adjustment or other valid transactions that changes the current inventory value to archive your goal.
Regards
