Cost of goods sold not average itself
Just had a look at cost of goods sold in MYOB. As far as I know MYOB is using the average cost for the cost of goods sold which should increase the COGs price as the inventory goes down. Howe...
Forum Discussion
Hi alfa2143
Ignoring GST, purchase 10 items for $600, average cost is $60. When you sell 3, the COGS should be $180 - $60 * 3. The Units remaining should be 7, the value should be $420. Average cost still $60 even though inventory down to 7. Therefore COGS stays the same until - you purchase more units for a different price, then COGS get recalculated.
Regards
Gavin
