Zero inventory stock counts
To reduce all inventory Quantity to Zero, the Physical Inventory Count can be used. This Tutorial Demonstrates how to perform this task.
CONSEQUENCE: to zeroing all inventory is that individual init costs of items will be lost. Bringing quantity back in to the program for the actual count will use standard cost.
Example: Standard cost if item A - 15.00. Currently 4 are held in stock with varying costs, (from 14.79 to 15.10) When the stock is Zero'd, these unit costs are gone. If the actual count is 4, and this is entered, the Standard cost of 15.00 will be used for each of the 4 items. The Risk is the inventory valuation will be different.
Video source: training:zero_inventory_stock_count1007231144.flv
Created by Charlene Scott at 23/07/2010 11:44:21 AM