Scenario Average Cost under the Purchasing/Inventory tab of an item displays null if the total quantity of the item is 0. The computation of Average Cost is Total Value / Total Quantity on Hand. Solution For those Items that have blank/null value on it’s Average Cost, the values are computed per the formula below: Total Value = 0.00 Total… Continue reading Average Cost of an Item Is Null
Tag: average cost calculation
Understanding Average Cost and Assembly Item Behavior in NetSuite
In NetSuite, the average cost of an assembly item is directly impacted by the average cost of its individual components. This recalculation happens when an assembly build is initiated, ensuring that the overall cost of the assembly is accurately reflected based on the components used. Average Cost Calculation The average cost of inventory items in… Continue reading Understanding Average Cost and Assembly Item Behavior in NetSuite