will the estimated unit cost field update the aver...
# ask-stanley-ai
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will the estimated unit cost field update the average cost field
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AI generated answer (using internal Slack threads):
The Estimated Unit Cost field does not directly update the Average Cost field. The Estimated Unit Cost field is used when you are adding to the quantity on hand through an inventory adjustment. It represents the cost of each item being added. On the other hand, the Average Cost field is a calculated field that represents the average cost of all units of an item available for sale. It is updated based on the cost of the items that are bought and sold. When you make an inventory adjustment and add to the quantity on hand, the cost of the items being added (as specified in the Estimated Unit Cost field) will factor into the calculation of the Average Cost. However, it's important to note that the Average Cost is not simply updated to the Estimated Unit Cost. It's recalculated based on all units of the item available for sale. So, while the Estimated Unit Cost field can influence the Average Cost field, it does not directly update it. The Average Cost field is a result of a calculation that takes into account all units of an item available for sale and their respective costs. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******
Slack thread 1: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.816260695
Slack thread 2: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.81350565
Slack thread 3: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.812013507
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