Topic: Purchase price variance


I am getting purchase price variance for  every entry  and that  purchase price variance is showing as negative in cost of goods sold which resulted to  wrong profit in p&l.

Re: Purchase price variance

What is the comparison of the cost of the items in inventory and the actual purchase price. I wonder if the actual purchase price is less that what the system has and so creates this variance after receiving the item.


3 (edited by andrewyang 11/21/2020 11:56:41 am)

Re: Purchase price variance

I am getting the same variance. Can anyone help us?