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Opening inventory -Standard Cost

edited Feb 19, 2024 9:19PM in Ask A Guru 3 comments


Hi There

Is it correct that opening inventory entered via an inventory adjustment transaction does not affect the value of inventory on hand?

For example, there is a new NetSuite account where the inventory all uses standard costing as a costing method.

I have brought in opening inventory stock on hand using an inventory adjustment transaction.

However, the stock is showing at $0 value:




The inventory revaluation for this item shows the per unit cost as $0.26:

thanks

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