Journal entry amounts do not match between item putaway and depletion transactions recorded In GL

Hello Everyone,

Thank you in advance!

Backgrounder: When an item is put away and the corresponding journal ID is created in the General Ledger, the monetary amount reflects the last price paid of $48.50.

When the same item is depleted and the corresponding journal entry is created in the General Ledger, the monetary amount recorded is 38.75.

Could someone please clarify how PeopleSoft calculates the amount when an inventory item is depleted? The Item Cost page in PeopelSoft looks like this for the item in question.