Adjusting the average cost of a part

  1. Select Inventory > Transactions > Transaction Management.
  2. On the Average Cost Adjustment tab, click Create.
  3. In the first three fields, specify the part whose average cost is being adjusted and the stock area and location where it is stored.
    You can enter an identification code in each field, or load information in more than one field simultaneously using the popup accessed from the Location field or Part # field.
  4. Specify this information:
    Employee
    Specify the identification code for the employee initiating the transaction.
    Date
    Specify the date of the transaction.
    Unit Cost
    Specify the correct average cost of the part per unit.
    Adjustment Type
    Select the type of average cost to adjust.

    You must indicate whether the new cost will be assigned to the part throughout the stock area (Area Average) or just in a single stock location (Location Average).

    Reason
    Specify the identification code for the reason that the part cost is being adjusted.
  5. Click Save.