COGS is not being calculated for all Inventory and Assembly Inv.

[nammai02]

Hi,

I am using QuickBooks Enterprise Solutions: Manufacturing and Wholesale Edition 9.0. We manufacture and sell our own products.

I am have an issue having QB calculating both inventory and assemble inventory COGS. When I run a "Sales by Item Summary" only a couple of the inventories and assemble inventories has COGS calculated the rest has 0. I notice that when I double click on the non calculate COGS under the item list and under the item box below does not contain an avg. cost. For the inventory that has COGS calculate does.

Can someone please advise how to resolve this issue where all my inventory would contain an average cost.

Thank you!

[Joe Williams]

If the item "without" the COGS listing is the Assembly item, it does not have a COGS for it. The COGS is calculated from the items used in the assembly and can vary based on the items purchase4 cost.
If you run the Inventory Valuation Summary report you should see all of the COGS for each item. If there is an item with 0.00 then the purchase cost, form checks, bills and credit card charges, for those items is 0.00.

[nammai02]

Is there a way to have QuickBooks Enterprise Solutions: Manufacturing and Wholesale Edition 9.0 to calculate COGS without actually building the assemblies through QuickBooks?

[Joe Williams]

Only if you purchase the Assembly item. QB NEEDS to know the cost of each item in the assembly for it so post COGS. If there is no purchase cost, COGS will be 0.00.