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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / Changing Item average ...
Microsoft Dynamics AX (Archived)

Changing Item average cost price

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Posted on by Mohamed Amir 95

Dear Gents;

I have one scenario where i have to change item Average cost price, during the year closing process

e.g. item1 Average cost price at the end of the year is 10, is it possible to change this price to 9 or 11 something like this....

Thanks and regards

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  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hello Mohamed Amir,

    What inventory costing method do you use? (FIFO, LIFO, weighted average, etc.)

    Why is it that you want to change the price?

    Is this something that is requested by your auditors?

    In general you can make changes to the prices and values in the inventory closing and adjustment form in the inventory module.

    Have you tried and tested this already?

    Best regards,

    Ludwig

  • Mohamed Amir Profile Picture
    Mohamed Amir 95 on at

    Helloo Mr. Ludwig;

    We are using weighted average costing method.

    We have some old items in our inventory and market price for these items is changed, that's reason we want to change their prices and its also requested by our auditors.

    Have you tried and tested this already?

    No we didn't try this before...

    Thanks and Best Regards...

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hello Mohamed Amir,

    If you have not done this before, try the following in a demo/test environment first.

    1. Run an inventory close for the period

    2. Click on adjustment-on hand

    3. Select the item or items that you want to adjust

    4. You can now edit the item cost, value or quantity as required in the edit now field

    adju.png

    5. Click post

    Best regards,

    Ludwig

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