Inventory Valuation vs Costing Account Balances Reports
Can someone please tell me how these reports work? The Costing Account Balance report for our regular inventory balances to the inventory account in the GL (this report does not have quantities). The Inventory Valuation Report (by Item, Valuation Unit) is off from the GL ~$1k. This is no biggie, however, when thought I would compare the two to see if I could find the difference, I can't figure out how/what Oracle is using to get the total. A few examples attached.