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Hello,

Is there a way we can update cost price/valuation for existing inventory?

For e.g I have Product A 10 qty with cost 10$ each.

Now I spent extra 5$ for 2 qty(Via repair module). Is there a way I can add those 5$ to valuation so it will be 15$?

Thanks,

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In Product category- check the following

Costing Method - select your method

Inventory Valuation method  -  Automated - this option calculate automatically change the cost

Remember if you change it will affect all the product under that category.

Or.  Standard Price means you estimate the cost price based on direct materials, direct labor and manufacturing overhead at the end of a specific period (usually once a year). You enter this cost price in the product form.
After you can inventory valuation to unaffected by other items create another category and assign to this product..only. later the valuation with new cost you can change the category back.





Hope you got it

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Autor

Hi Suresh,

Thank You for your response.

Currently I am using FIFO automated and this will not work in my case as I do not want to change Costing method and even if I do that temporary it will affect all my products and inventory.

Thank you for your time..pls check my edited answer.

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