how does the inventory beginning balances calculate cost

Accounting and inventory IFRS/GAAP suite for SMB. General questions. See 1C:AccountingSuite details

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Steffen Franz	#1 People who like this:0 Yes/0 No May 18, 2012 01:59 AM
Active user Rating: 2 Joined: Nov 3, 2011 Company:	Hello, Basically my question is if the inventory beginning balance calculates an average cost of the item. What cost appears on the item card? Thank, Steffen

Konstantin Zuzik	#2 People who like this:0 Yes/0 No May 18, 2012 10:30 PM
Active user Rating: 4 Joined: Jul 29, 2011 Company: 1C Company	The beginning balance will create a record in the inventory journal with the same information you entered (quantity and value). The item card display last purchase cost.

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