We have paint in our system as a type N.  We have a large quanity of different colors in stock.  So we don't always have to purchase it (so an avg cost isn't generated). We use this on our BOM and would like it figured into our JC.
 
So, how can I give a type N item an AVG Cost?

What if we don't use Standard Cost?  Will it still work?

Just because you "don't use Standard Cost" doesn't mean you're out of luck. You'll just have to put in a Standard Cost for that item. If you want, you can even change it when your average changes, you'll just have to do it manually.

OK, let me know if I have this straight.
 
If a Type "N" doesn't have a STD Cost or Last Cost, we can give it a Last Cost using IN-K.  This will show up on JC-A????

Can we back-out a $0 material issue using WO-G, then change last cost using IN-K, and then reissue using WO-G?