Cost Method
On the Items form, select the cost flow method used for tracking and posting cost ledger transactions for the item. When you change the cost method, the system converts the internal information to match the new method for the item. This may generate ledger transactions.
Select one of the following cost flow methods for valuing inventory:
- Average
- LIFO
- FIFO
- Specific
- Standard
On other related forms, the cost method of the item from the Items form displays.
Note: You can update
all the Unit Cost fields if the item is
using Actual (Average) costing.