I suppose the transaction history won't be updated until after everything is posted at day end. I'll test it tonight and confirm.

I guess we should run valuation reports at the completion of month end to get the most accurate number rather than using this "backing out" of transaction history method.

We'll do an adjustment at year end to GL account Inventory 1300 and start fresh.

I think that it's possible that the amounts might be off within a reasonable amount because of Credits we issue in OE on the same day. OE gives us a warning about using the "most recent cost" because the actual cost hasn't been posted in the day end yet.

Large amounts are more likely related to the back dating the IC Item Valuation which sounds like something we should avoid doing.