Revalue Intransit with New Cost when the Cost is Changed

Summary:

Revalue Intransit with New Cost when the Cost is Changed: .Inventory is reported at standard cost and opening position. The GIT balance must be updated with the most recent standard cost when carried over to a new year. For example, an item valued at $100 in 2024 should be updated to the 2025 standard cost if the balance remains uncleared

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