WE have a part that we used to purchase but are now manufacturing and we need to change this part in Part Maint. However the costing method must also go from from AVG to Standard. The issue is, we have inventory and it is not allowing us to change the costing method. Do i need to get rid of the inventory or do I need to create a new part, etc…
You can adjust the inventory out, make the change, then adjust it back in.
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That’s what I was thinking, but didn’t know if there was another way.
As @hmwillett says, adjusting out and back in is the usual way. Let’s you keep inventory history, etc. Be aware you will get a variance for the difference between your old AVG cost and the new STD cost…
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Thanks for the heads up. Tomorrow is our inventory so I am sure I will see some issues with this.