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Regarding costs in creating other transactions. — Cloud Customer Connect
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Regarding costs in creating other transactions.

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edited Nov 28, 2023 2:14AM in Costing 1 comment

Summary:

What would happen in the following case if the cost method is FIFO?

① Receive 10 pieces of item A for $100

②Receive 10 pieces of item A for $120

③Currently 15 pieces in stock

④ In the situation ③ above, if you receive 5 pieces of item A with the transaction type "Other Receipt" on the "Create Other Transactions" screen, how much will it cost (using the current item cost)?

 (My assumption is that the cost is $100.)

⑤ What will be the cost if the same process as ④ is carried out in a situation where the number of items on hand is 5 pieces?

 (My assumption is that the cost is $120.)

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