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Cost valuation

Cost valuation

Cost valuation

(OP)
Hi- I'm trying to true up the cost of an item, here's the history.
 1/13- 0 onhand, $10.90
 1/14-recvd 12 @$12 then sold 1@$11.78 same day.
2/22- matched invoice 12@$12.58
Now-  11@$12.24
I'm puzzle at the point where we sold it at $11.78.  I would think that once we received it at $12, it should have been $12.  My conclusion is that it was overridden and sold before the receipt. Any help is appreciated.  GP9.0 and average cost. Thanks

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