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COGS calculations

edited Nov 28, 2019 3:49PM in Accounting / ERP 2 comments

We are having an issue with getting a correct COGS.
Example:
-A sale occurs and Debits $22.45 to COGS and credits $22.45 to Purchased Inventory
-This a qty 60 Qty Item so that would be $0.37416666667...ea
-The Average Cost of this item is $.20 so I would expect to see a COGS of $12, not $22.45

What could cause this discrepancy?  This is one real example but this is occurring on every transaction.

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