I have an inventory item that appears not to be valued correctly on the Historical Stock Status Report and I can't figure out where the beginning balance is coming from. The valuation method for my item is FIFO Perpetual.
When I run the report it shows the valuation as of 12/31/2013 to be a quantity of 100 and an extended cost of $20. It appears that this quantity of 100 was put into the system when GP was implemented. I ran the report back to 01/01/1800 and it says that the balance was 100 at $20 as of 01/01/1800.
Then the transactions are as follows:
IVADJ 200 at a cost of $0
IVADJ 500 at a cost of $0
IVTFR -50 at a cost of $0
IVTFR -50 at a cost of $0
RECVG 300 at a cost of $45
Current Quantity is then 1000 at a cost of $65
The thing that I don't understand is why the IVTFR were processed at a cost of $0. With being FIFO Perpetual, I would have thought that they would process at a cost of $10 each because of the initial value of 100 at $20.
I also don't understand how the initial value was entered in the system. When I look back at the historical transactions within GP or query IV30300 for the stock item, I don't see any transaction for this 100 units. I tried searching through all of the other Inventory Transactions History tables and still was unable to see any transactions for this. It is showing up on the Historical Stock Status Report though.
Any ideas as to where else this 100 units with a cost of $20 would be stored. Also, when an inventory transfer was completed, why were the units not transferred based on that initial cost?
