Is it possible to manually modify part costs?

Question

We have found that t here are several parts that have costs that do not reflect the current cost of those parts. We would like to be able to modify the costs manually.

Vince Settipane · Answer

The DEMO company that is with BW, is setup as FIFO, and I could not change the cost. As it is stated in the Definitions, parts are rec'd and issued with the actual cost. 
 You may have to work with Sage and your Accountant, if you desire to have the ability to change COST.

Coleen Graber · Answer

gdiDave- 
 Your costing method controls how cost is stored for your coming. When the Inventory Control module is first created, you are asked to select a costing method for your company. If you are using FIFO, as you receive in Quantity, you will also enter a cost for that quantity. The system will store cost using FIFO (First In, First Out). If there is not one particular transaction that is causing your cost to be off, then you can adjust the quantity of the part to zero on hand quantity. Next, adjust the correct quantity back in at the correct cost. This will reset your unit cost for the part. 
 For more information on adjusting the unit cost, please see article in our Knowledge Base How to change the unit cost of a part (18789) 
 https://support.na.sage.com/selfservice/viewdocument.do?externalID= 18789 
 If you are looking to change your Costing Method, we have an article for that as well. See article 
 How to change the Inventory costing method (20565) 
 https://support.na.sage.com/selfservice/viewdocument.do?externalID= 20565 
 Sincerely, 
 Coleen

Sage BusinessWorks

Is it possible to manually modify part costs?

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