The Average Cost Calc. Overview Table
This field indicates either that the entry is a summary entry (Closing Entry) or the type of the entry that was used in the calculation of the average cost of the item.
If the entry’s type is Closing Entry, the entry is a summary of the average cost on the last day of the average cost period.
If the entry’s type is Increase, the entry represents an inbound transaction, where the item came into inventory, such as a purchase, a positive adjustment, or an output.
If the entry’s type is Decrease, the entry represents an outbound transaction, where the item went out of inventory, such as a sale, a negative adjustment, or a consumption.
If the entry’s type is Applied Decrease, the entry is an outbound transaction where the entry was fixed applied to an inventory increase. An example of this is a purchase return fixed applied to a purchase receipt.
If the entry’s type is Revaluation, the entry contains a value that resulted from the posting of a revaluation journal, which changed the value of the item in inventory. The program adds partial revaluation costs to the average cost calculation after calculating the decreases.
If the entry’s type is Applied Increase, the entry is an inbound transaction where the entry was fixed applied to an inventory decrease. An example of this is a sales return that was fixed applied to a sales invoice.