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Inventory Valuation in Netsuite - Purchase Price, Last Purchase Price, Balance Sheet & P&L COGs

edited Jun 3, 2020 5:48PM in Accounting / ERP 3 comments

Is there a way to back adjust the COGs based on last purchase price without overriding all COGs based on default settings, which is FIFO and last price is not showing up on reports

Inventory purchase price issues:

1.  Invoices were backdated after inventory stock receipt date.  The Invoice did not pick up the COGs.  Is there a way to back adjust the COGs based on last purchase price without overriding all COGs based on default settings, which is FIFO?Below is an example of this occurrence:

2.  Inventory reports do not report Last Purchase Price

The Last Purchase Price is not showing up on the Inventory Reports:

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