Item cost variance

[Former Member]

When in the item master the average moving cost price is 0.752.

When running the inventroy audit report, the value in the cost price column for the item is 0.75. And the cumulative value = cost price of 0.752 x units.

Why is the cost price in the audit report not the same as the cost price in the item master?

[Former Member · Accepted solution]

Hi Lisa,

The actual value and displayed value may be different. That is not a variance. It depends on how many decimal points in the form display.

Thanks,

Gordon