Skip to main content

Notifications

Announcements

No record found.

Community site session details

Community site session details

Session Id :
Microsoft Dynamics GP (Archived)

Will a COGS transaction be generated if standard cost field is zero?

(0) ShareShare
ReportReport
Posted on by

Will a cost of goods sold transaction be generated with a FIFO periodic valuation method if the Standard Cost field is zero? 

Thank you,

Kim

*This post is locked for comments

  • Verified answer
    L Vail Profile Picture
    65,271 on at
    RE: Will a COGS transaction be generated if standard cost field is zero?

    Hi Kim,

    Since you're using the Periodic inventory costing method, that translates to using standard cost for your COGS. If your Standard Cost field is zero, your COGS will likewise be zero.

    Kind regards,

    Leslie

  • Suggested answer
    babubaskaran@outlook.com Profile Picture
    8 on at
    RE: Will a COGS transaction be generated if standard cost field is zero?

    Cost of goods sold will be generated based on inventory type if it's FIFO cost will be used.

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

Daivat Vartak – Community Spotlight

We are honored to recognize Daivat Vartak as our March 2025 Community…

Announcing Our 2025 Season 1 Super Users!

A new season of Super Users has arrived, and we are so grateful for the daily…

Kudos to the February Top 10 Community Stars!

Thanks for all your good work in the Community!

Leaderboard

#1
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 292,869 Super User 2025 Season 1

#2
Martin Dráb Profile Picture

Martin Dráb 231,733 Most Valuable Professional

#3
nmaenpaa Profile Picture

nmaenpaa 101,156 Moderator

Leaderboard

Featured topics

Product updates

Dynamics 365 release plans