I am trying to use adjust Inventory to try and rem...
# general
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I am trying to use adjust Inventory to try and remove a serialised item out of inventory ( to create an asset ) and it is only using the average cost of an item and not the value of the item for the specific serial no. For example I have an AIR CONDITIONER. I have purchased these twice but the second time the cost had increased, so I have the following stock AIR CON - Serial No AC001 cost $3000 AIR CON - Serial No AC002 cost $3500 I want to create an asset out of AC002 leaving AC001 in stock. I do an inventory adjustment and take 1 out of stock and select AC002, then I propose an asset, and manage asset proposal. My problem is that the asset has the value of $3250 (the average cost) and not $3500 as required. The item is set up with a costing method of "Specific". Any advice would be helpful. Thanks.
I have found the solution - I need to wait 1 hour for the GL impact of the inv adj to take place before proposing the asset.