My understanding, that; ‘Purchase Price’ and ‘Inventory Cost’, are the same! I am not sure. need help, please If true, then, when I Batch Create Inventory, batch includes ‘Purchase Price’ as well. Therefore; why do I have to re-enter during ‘Journal Entry’? Regards, Naf

Purchase price is the initial price when creating the inventory on starting with Manager, After that the purchase price (known as Average Cost) will change based on your Purchase Invoices. If your opening inventory item - widgets was 100 @ 1.00 then you purchased 100 more at 1.10, then the average…

Purchase Price and Inventory Cost

Tut Split this topic November 16, 2016, 2:32pm 4

5 posts were split to a new topic: Deducting sales quantities from inventory

Topic		Replies	Views
How to know the Purchase price while making a sales Invoice?	2	403	January 18, 2023
Inventory - cost when making purchase invoice	6	947	January 18, 2023
Inventory - Cost not tally with Purchase invoice	11	1688	January 18, 2023
Purchase & Sale of Inventory Items	14	2238	January 18, 2023
Purchase Price vs. Valuation	10	723	January 18, 2023

Purchase Price and Inventory Cost

Related topics