We do not use standard cost or most recent cost in our items. We only use base price.
When the day end is run an entry for Inventory Control and Cost of Sales is generated. We are not sure where the amounts are coming from as there are no costs in the items.
We ran a Items Listing with the costs showing and some of the items that are causing the problem have 'previous' most recent costs and standard costs. On one invoice the old most recent cost was 2.18 and the amount generated on the journal entry for both sides was 8.72.
We tried to run an update via the update items using an adjustment for the standard cost of 99.00% and it doesn't update anything because the costs are 0.00.
How can I get rid of the 'previous' costs so we don't have to do a journal entry every month?
Thanks in advance for your assistance.