Change of Inventory Unit & Price
Posted: 27 Mar 2012, 05:34
Hi,
In the opening inventory, while we shifted to sage, the inventory of coil was entered in tons.
However, now we want to change it to kilograms. Please tell how we can do it?
Proposed solution with a problem:
We can increase the inventory level with a change in unit. How we will handle the costing? I mean if there is one ton @ 500 then we will add 999 to inventory level (to make it 1000 Kg), change the unit to Kg (before its in tons) but what shall we do with the price of stock? if we enter it as zero, it doesn't show right costing of projects either in FIFO or average costing report.
In the opening inventory, while we shifted to sage, the inventory of coil was entered in tons.
However, now we want to change it to kilograms. Please tell how we can do it?
Proposed solution with a problem:
We can increase the inventory level with a change in unit. How we will handle the costing? I mean if there is one ton @ 500 then we will add 999 to inventory level (to make it 1000 Kg), change the unit to Kg (before its in tons) but what shall we do with the price of stock? if we enter it as zero, it doesn't show right costing of projects either in FIFO or average costing report.