In the Avg cost method, the cost of a past date

[pilio.lee]

Hello everyone,

Our company is considering changing the cost method from Std cost to Avg cost.
So I have one question.
With Avg cost method, we know that the cost changes every time a transaction occurs.
Does the past date cost change in reports that show past date inventory, such as the Stock Status Report or Stock Movement Report? (In particular, the cost of the end of last year)
For example, if the cost was 10 at the end of last year, but today’s cost is 8, will the cost be displayed as 10 if I print it out as the end of last year in this report? Does it show as 8?
Thanks in advance

[Mark_Wonsil]

@pilio.lee

With Avg cost method, we know that the cost changes every time a transaction occurs.

More accurately, only transactions to stock. Any purchase direct to a job or for an order will not update the Avg Cost.

@pilio.lee

if the cost was 10 at the end of last year, but today’s cost is 8, will the cost be displayed as 10 if I print it out as the end of last year in this report? Does it show as 8?

It will show as 8. There are a lot of threads on this forum about this.

Others have created a CostID with the end of the year costs and used a BAQ to show cost differences between current and end of year.