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Moving Average

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Posted on by 30

Hi, 

I am using Moving average valuation method. I am unable to understand the following : 

scenario is  as below: 

Amount = 3000 

Qty=20

Cost Price= 150

latest purchase was at=200 

In the item Master card under the Manage Cost the price is shown as 200. as in below screen shot 

pastedimage1642601771456v1.png

where as the actual calculated cost which is 150 is shown on the On-hand inventory as shown below 

pastedimage1642601906202v2.png

I want that 150 should be shown under The Manage Cost instead of 200 also when i issue from a movement journal then cost of 200 is being picked up.

any help would be highly appreciated. 

Regards,

Sanam Khan 

  • Suggested answer
    RE: Moving Average

    Uncheck Latest cost price. When checked will update Price with last receipt price which is 200 in this case.

  • Sanam Khan Profile Picture
    Sanam Khan 30 on at
    RE: Moving Average

    Waiting for response

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