Why the Total value of the Inventory item is not showing the correct value even though there is only one Sales order and One Purchase order

AI generated answer (using internal Slack threads):

The total value of the Inventory item might not be showing the correct value due to several reasons: 1. Purchase Price Fields: Ensure that the purchase price fields are populated correctly. If multiple vendors are providing different prices, this needs to be done for each vendor. 2. Units of Measure: The discrepancy might be due to the units of measure used in the Inventory Valuation report and the item page. 3. Subsidiary Location: If the item is on hand in a different subsidiary location, this could cause a difference in the total value. 4. Location Value: Check if the location value is present in the header or line level. If the header location is blank or the line level is not exposed or blank, then it might not appear on the Item record because NetSuite doesn't know for which location it is. 5. Drop Ship Item: If the item is a drop ship item, the Quantity On Order does not represent the quantity that you will not receive. This is the normal behavior of a drop ship item in NetSuite. 6. Quantity On Order: The Quantity On Order field might not represent what you think it does. It's important to understand what this field represents in NetSuite. Remember to always double-check these factors when dealing with inventory items in NetSuite. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******