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Opening balances for standard cost items

in Ask A Guru 3 comments

Hi

I'm trying to work out how to bring in opening inventory balances (stock on hand part) for items that use standard costs.

Since the inventory adjustment transaction record does not have the option to edit the estimated unit cost, how do you ensure the value of inventory you are bringing in via an inventory adjustment matches the value of inventory per the opening trial balance GL amount?

Should I be valuing stock at $0 standard cost before creating the stock adjustment records?

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