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Est. Gross Profit on Sales order line item

We have a column showing the Est. Gross profit on the sales order for each line item. Where is the calculation for this coming from? As in, where is it pulling the item cost from?

The purchase price changed from $6.45 to $15.80 in July.

Now when adding this item on a Sales Order it is showing this for Est. Gross Profit, effectively saying the "item cost" is $6.92. How do we get the system to recognize the updated cost of $15? We have received items with the $15 cost.

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