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PO cost and Invoice cost do not match

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edited Apr 22, 2021 6:49PM in Costing 1 comment

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Customer wants to know the following:  You order something (ie PO created), receive against the PO, then the invoice comes in a different price than the PO.  How does this price variance get recorded in inventory?  Or does it?  My understanding is that inventory uses the PO price to cost for the average and actual cost methods, not the invoice cost.  Correct?

 

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