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Balance of Inventory report shows the item balance quantity, Average Cost Price (ACP), and inventory amount/value as of the items on chosen selected date (Purchasing > Reports > Balance of Inventory):Inventory).
The report allows to see:
- Quantity — the current quantity of items on balance;
- Average Cost Price (ACP) — the average cost per unit;
- Amount — the total inventory value calculated based on quantity and average cost price.
Average Cost Price = Amount / Quantity (where amount is calculated as a result of operations and Quantity is a current balance of the item)
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