Our inventory cost revaluation shows this amount. We know it is wrong. How to fix it or where do i go to see whats happening. image.png

AI generated answer (using internal Slack threads):

Based on the conversations, it seems like the issue you're facing with inventory cost revaluation could be due to a few reasons. One possibility is that you're dealing with inventory that you don't have, which can lead to a Cost of Sales Adjustment. You can find more information about this in SuiteAnswers: https://netsuite.custhelp.com/app/answers/detail/a_id/28147/kw/cost%20of%20sales%20adjustment/related/1 Another possibility is that the stock adjustments are being made via Inventory Adjustment. If the stock level is increased, particularly if the system on hand stock was zero, there is no unit cost and therefore the total stock value isn’t increased. It should pick up an average price from NetSuite whether the stock goes up or down. If the stock holding is reduced, there is a unit cost attached and therefore the total stock value is reduced. In the Est. Unit Cost field, you should enter the cost of each item being added to the quantity on hand. If you entered a negative number in the Adjust Qty By field, you cannot enter anything in this field. The cost of the items being removed from the quantity on hand is calculated. If there are mistakes made on inventory and there are a number of items with available stock but zero value, you can adjust out at current price, wait a day for the costing engine, and then back in at the correct value. Lastly, you can use the inventory worksheet to fix the value. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******