If you have input incorrect COGS value, you can easily fix it by editing the COGS history.
Here are the steps for the same.
Step 1:
Click the ">" arrow next to the product in the COGS Management section.
Step 2: Update the desired current Cost Period
Step 3:
Select the “COGS Period History” tab (next to “Current Cost Period”).
Step 4:
Click “Update Costs” to enter or update the COGS values for your desired date range.
• You’ll be able to define different cost values based on when the pricing was valid.
• This helps maintain historical accuracy for reports over time.