Default Rate Populated for an item in a Purchase transaction

The auto-populated ‘Unit Price’ (default rate) for an item in the purchase transactions (e.g., Purchase Order, Vendor Bill, Vendor Credit) is derived based on this hierarchy: 

1. ‘Purchase Price’ of the Vendor as set in the Item record (If Multiple Vendors feature is enabled in the account) 

2. ‘Purchase Price’ as set in the Purchasing/Inventory tab of the Item record 

3. Last Purchase Price used in any purchase transaction type 
    a. Based on ‘Transaction Date’ not ‘Date Created’ 
    b. Per Subsidiary (for OneWorld accounts)