Consigned Inventory Adjustments
You can create inventory adjustments to update the on-hand quantity or value of your vendor consigned inventory. Be sure to assign consigned inventory statuses for consigned quantities of an item. You may continue to use regular statuses for non-consigned quantities.
If you want to increase the quantity of a consigned item, enter the estimated unit cost in the item line. You can enter this value even for consigned items that use standard cost. If you want to include non-consigned items that use standard cost, enter them in a separate line. This way, the estimated unit cost for these items is automatically calculated separately.
If you mix non-consigned and consigned quantities for standard cost items in the same line, the estimated unit cost can still be calculated automatically. It shows the weighted average of both consigned and non-consigned quantities. However, if you edit these item lines to further increase the quantity without changing the estimated unit cost, the value in the Unit Cost field remains the same. Note that it may no longer be applicable to the newly edited quantity. To avoid any such cost discrepancies, enter standard cost quantities for non-consigned items in a separate line.
If you want to decrease the quantity of consigned items, the unit rate can't be entered manually. The resulting cost for consigned items is derived automatically from associated purchase orders, unlike non-consigned costs, which are based on the costing method.
To create adjustments, see Entering an Inventory Adjustment.