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standard cost of stocks
06-11-2013, 01:41 AM
Post: #1
standard cost of stocks
Hello everyone...

I just got a problem with the cost of my inventory. I am using the standard costing of stocks.

one item shows this stock movement:

acquisition date cost
march 13, 2013 220.50
may 01, 2013 215.91
may 01, 2013 220.81
may 29, 2013 218.78

why the standard cost automatically shows the amount of 185.07?

is there a problem with the system or with my way of encoding figures for the cost of my stocks?
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06-11-2013, 06:32 AM
Post: #2
RE: standard cost of stocks
The standard will not change unless you change it...
Cost only gets updated if you are using weighted average costing.

Phil Daintree
webERP Admin
Logic Works Ltd
http://www.logicworks.co.nz
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06-11-2013, 03:42 PM
Post: #3
RE: standard cost of stocks
(06-11-2013 06:32 AM)phil Wrote:  The standard will not change unless you change it...
Cost only gets updated if you are using weighted average costing.

ok phil, thank you...
and have a good day....
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