Average cost update Return to supplier
Item is Make as well Buy -
For Item prior to RTV , Item Cost = 248 OnHand = 313
PO Price = 230 RTV Quantity = 276 Recoverable tax = 0
After RTV, Item Cost = 1115 OnHand = 37
I want to know, how Item cost derived to 1115 ?
As per Average cost formula , Item cost was expected to 329
Following is the formula used for calculation:-
{[(prior cost * prior costed quantity ) + (transaction_cost * transaction quantity )] +taxes } / [prior costed quantity + transaction qty]
Following is the formula used for calculation:- |
{[(prior cost * prior costed quantity ) + (transaction_cost * transaction quantity )] +taxes } / [prior costed quantity + transaction qty] |