Exam MB-330 topic 3 question 40 discussion

For issue 2, you should use the inventory closing and adjustment feature to correct the posted counting journal. This feature allows you to recalculate the inventory value and cost of goods sold based on the FIFO costing method. You can also reverse or cancel a posted counting journal if you want to undo the inventory adjustment https://learn.microsoft.com/en-us/dynamics365/supply-chain/inventory/inventory-journals. A transfer journal or a new counting journal will not correct the posted counting journal, because they will create new inventory transactions instead of modifying the existing ones. A costing version is not relevant for this issue, because it is used to define and manage standard costs for items

"Default cost price" for the first question, to ensure that in the future this item will have a cost and this problem doesn´t happen again. "Inventory closing and adjustment" to correct the transactions with the wrong cost

a. Default cost price: This refers to setting a fallback cost price for items in the system, typically configured in the item’s inventory parameters or costing setup. When an item’s cost cannot be determined (e.g., no prior transactions or stock), the system can use this default cost price for transactions like counting journal adjustments. a. Inventory closing and adjustment: Inventory closing is a process in Dynamics 365 that finalizes inventory transactions, calculates costs based on the selected costing method (FIFO ), and adjusts inventory values accordingly. If a counting journal posts with a zero cost, running inventory closing can recalculate and adjust the cost based on available FIFO layers or other cost data. Additionally, the "adjustment" aspect allows manual corrections to posted transactions.

You should configure the default cost price for the item. This is the cost price that will be used when you increase the inventory quantity in a counting journal. You can set up the default cost price for an item in the Item model group form https://learn.microsoft.com/en-us/dynamics365/supply-chain/inventory/tasks/count-inventory-warehouse. If you leave this field blank, the cost price will be zero, which is why the item A increase had zero cost in the counting journal.

I agree first question should be default cost price. But the second question should be counting journals. Counting journals let you correct the current on-hand inventory that is registered for items or groups of items, and then post the actual physical count, so that you can make the adjustments that are required to reconcile the differences. You can associate counting policies with counting groups to help group items that have various characteristics, so that those items can be included in a counting journal. https://learn.microsoft.com/en-us/dynamics365/supply-chain/inventory/inventory-journals

default cost price to set the price and adjustment to correct posted transaction's value.