Expected  cost  simple example


1.  Inventory Setup (see BC-8 Expected Costs, slide no 4).  Do not forget to check Expected Cost
Posting =Yes

2.  Create a new item by using an item  template

3.  Purchase Order  for created item  and Quantity = 1 and Expected Unit Cost = 100

4.  Receipt Sale order only

5.  See Items Ledger entries and add by Personalization field Cost Amount Expected

6.  See item card  and Unit cost filed and Average Cost calculations overview

7.  Find Adjust Cost - Item entries  (use the searching window)

8.  Adjust Inventory Cost  for the chosen item  only  (Item Filter) and confirm by OK

9.  See item card  and Unit cost filed and Average Cost calculations overview

7.  Post Inventory Cost to G/L  (use  Posting Method =Per Entry and check field Post=YES), and in
Item number field, enter the one in question.  Confirm m by Button Preview

8. G/L Register Archive and see G/L entries

9.  Reopen Purchase Order (use the appropriate icon)

10.  Change  Unoit cost to 100->150

11.  Invoice only (enter before Vendor invoice number to the header of the Purchase order

12.  Perform steps 5-8 again