MO
Asked
PRODUCT COST IS HIGHER THAN PRODUCT REVENUE THAT CAUSES THE PROFIT INTO NEGATIVE. WE ONLY USE FIRST IN FIRST OUT METHOD.
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- MOAnswered
I CHECKED THE PRODUCT COST AND PRICE, ALL PRODUCT COST IS LOWER THAN THE PRODUCT PRICE
- MSAnswered
Hello,
May I know your inventory accounting method?
Are you changing this or using the same from beginning?
Please don’t use uppercase or all caps.
Thank you
- MOAnswered
Accounting method is FIrst in First Out. We never change that setup
- MSAnswered
Hello,
As I can remember this only happend with AVCO and overselling.
FIFO check the first purcahse code the cost and current product price. If you never purchased a product higher than the price then there shouldn’t be such issue.
I suspect the method or overselling was changed, please monitor this.
Thank you
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