No. I checked all categories at the highest level and they are all standard price. That’s why I don’t understand

Check whether there are any sub-categories defined with a costing method of average cost. The setting on the lower level category will override the setting on a higher level category.

Yes I understand but what im saying is, every single Product Category Card as Standard Price and Manual Valuation, however it is using average costing method, ive checked in the price history detail of the products with recent purchases. Is there a different place where average costing can be set?

Do you mean that the Stock Valuation shows the Purchase Price rather than the Standard Cost?

What Im focused on is Costing Method. All our product category cards have Standard Price as the costing method. Yet costs are actually averaged out on every purchase.