MO
Asked
PRODUCT COST IS HIGHER THAN PRODUCT REVENUE THAT CAUSES THE PROFIT INTO NEGATIVE. WE ONLY USE FIRST IN FIRST OUT METHOD.
Attachments
- MOAnsweredI CHECKED THE PRODUCT COST AND PRICE, ALL PRODUCT COST IS LOWER THAN THE PRODUCT PRICE
- MSAnsweredHello,
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 - MOAnsweredAccounting method is FIrst in First Out. We never change that setup
- MSAnsweredHello,
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 - Login to Reply