How is it possible to revalue the weighted Average costed part?
Imagine a scenario where the inventory part is set up at Weighted average and made several receipts. The part has been in inventory for several years without any recent transactions. Now the business understands the value of the stock has gone down. Is there a way to revalue the inventory so that the previous value will change and the lost value charged against PnL.
This is possible under standard cost.. but the concern is how to do this under Weighted average method.
Best answer by Richard Owen
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