Inventory Value By Subinventory Report - Clarifications
Hi guys
We are kind of confused between the following two reports:
Inventory value by Subinventory
Transaction Historical Summary
We had multiple requirements, while Auditors were asking Excel outputs for the inventory values as on date and during the exercises we realized that, the "Inventory Value By Subinventory" report is generating inventory values for a historical date based on latest item cost. We are using Average Costing.
Please clarify, why this report is particularly using current item_cost for generating historical inventory values. Ie, if we are running the said report for date 31-12-2012, the total value is based on the item costs available as on date in the system. There should be a methodology justifying the same.
We are kind of confused between the following two reports:
Inventory value by Subinventory
Transaction Historical Summary
We had multiple requirements, while Auditors were asking Excel outputs for the inventory values as on date and during the exercises we realized that, the "Inventory Value By Subinventory" report is generating inventory values for a historical date based on latest item cost. We are using Average Costing.
Please clarify, why this report is particularly using current item_cost for generating historical inventory values. Ie, if we are running the said report for date 31-12-2012, the total value is based on the item costs available as on date in the system. There should be a methodology justifying the same.
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