Thank you for visiting the QuickBooks Community again, jsharpe.
I'll share details on how the average cost is calculated when building an assembly. Then, I'll ensure you can see the accurate information when running the Inventory Valuation Detail report in QuickBooks Desktop.
When managing your inventory or assembly items in QuickBooks, it depends on the information being entered into the program. With this, the Average Cost of an assembly item is computed based on the cost of inventory parts. That said, you'll need to make sure that the individual parts or each inventory item when Building Assemblies have their own costs. Otherwise, you'll get inaccurate details when running the Inventory Valuation Detail report.
I suggest opening the Assemblies you've created and editing or adding the cost of each item. Please ensure that you put the correct cost like $100 per item.
Here's how:
- Click the Lists menu at the top.
- Choose Item List. Then, double-click the assembly you created.
- Go to each item and double-click it to show the Edit item page.
- Put the correct cost and click OK.
Once done, deselect and reselect the item to make sure that the updated details appear. Then, click OK to save the changes and run the Inventory Valuation Detail report again.
Lastly, you may refer to this article to see steps on how you can adjust your inventory and make sure your inventory status is accurate: Adjust your inventory quantity or value in QuickBooks Desktop.
If you have any other questions about tasks related to managing your inventory assembly, please let me know in the comments below, jsharpe. I'll be here to lend a helping hand. Take care!
