• Registered: 07/06/2008
  • Posts: 17

Topic: Inventory Item Cost Update

whts the functions of Inventory Item Cost Update?

  • joe
  • Administrator
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  • Registered: 03/15/2007
  • Posts: 3,089

Re: Inventory Item Cost Update

Hello,
The average item cost update is done in a file /purchasing/includes/db/grn_db.inc, which automatic update the average cost of the stock, which is used when delivering. The file is called when you receive PO order items.

You can also manually update the average cost price in the Inventory tab. This operation is done in /inventory/includes/db/items_trans_db.inc. There are also GL updates when doing this manuelly.

The cost prices are based on an average price. Not FIFO or LIFO.

/Joe