Receiving products from a PO, automatically updates the cost prices in Inventory module Product page?

Question

We are using odoo 14 enterprise verison.

We've just realised this issue, not sure if this is how odoo meant to be?

For example, a PS5 has a cost price of $500, that's the price set on the cost price and purchase line in the product setting (product template page)

But, for a large shipment we were able to get at $450 per unit, so we've updated our purchase order, but the cost price on our product setting page is still $500 as a standard.
When we received the shipment at $450 each, the product

Lars Aam · Accepted Answer

This is a matter of wht principle used for product cost. With setting Standard cost the deviation between the cost on the product and the purchase price will be posted to a price different account, and be reported to P&L (Profit & Loss) on goods receipt.  Stock will still be valuated on the balnce sheet at the standard price set on the product.
The recommendation is to use AVCO or FIFO costing. Then the stock will be evaluated to actual purchase price, and for the P&L it will be reported as COGS

Jaideep · Answer

If you don't wish to automatically update cost, then ensure to have the Costing Method set to 'Standard Price'
The costing method can be set on Product categories

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