Hi John,
In our inventory control system, the Average Cost is adjusted when an item is received into inventory. Other transactions such as issues, transfers and Adjustments from Physical Inventory use the average cost but do not change the average cost.
You will probably also need a utility option that allows the user to 'adjust' the average cost when, for whatever reason, it gets out of whack. Such an adjustment must be accompanied by an entry to the general ledger.
HTH,
Ken
>Hi,
>I am developing Inventory System
>May I know, what transaction should cause the program to recalculate Weighted Average? Is it only Purchases, any IN Transaction (ex. purchases, adjustment in, transfer in), or...??
>
>Please advise
>Thank you
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