Error:The cost of is currently equal to 0. Change the cost or the configuration of your product to avoid an incorrect valuation?

Question

Hi,
I set category product-->inventory valution costing method-->FIFO
When i want return a product sold in warehouse transfer, i get error:
*​The cost of <My Product> is currently equal to 0. Change the cost or the configuration of your product to avoid an incorrect valuation.*
please help me.
Thanks

Lars Aam · Accepted Answer

The product cost is coming from purchase or manufacturing when you have FIFO valuation.  If there has not been any incoming with cost, the product cost will be 0, and you will not be able to post a return.
Workaround: On the product, change the product category to one with std. cost. Update the cost on the product.  Change back to the original product category.

Alexander Koltsov · Answer

I have purchased a product with the Purchase Order.
And the product cost is still equal to 0. Why?
I can't validate the Inventory Adjustment because "product cost is equal to 0...".
And the Inventory Value is still equal to 0.
How to resolve this issue?
Thanks.

Gerardo Bernal · Answer

Thanks Lars, creative solution that worked perfectly for me.

sana · Answer

Thank you for your guidance.

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