Addressing inaccuracies by location on Inventory value report
If you have multiple locations and use FIFO or LIFO inventory costing, the numbers on the Inventory value report (Operations Menu > Reports > Inventory > Inventory Value) will be correct if Total only is selected for the Location filter--but inaccurate when filtered for an individual location or All locations. The reason is that the first (or last) item purchased may not be the one sold from a given location.
Enabling Always Use Average Costs for Cost by Location (under Settings > Inventory Settings) allows viewing the value of the inventory at each location (average value per item x number of items at that location) while still using FIFO accounting overall.
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