Questions about inventory valuation report

Hello ,

I was advised to use this report 1001 inventory valuation. Really it’s very good report , whe i am checking more if this report will go through our choises .

first we need to run this report per location xx until from 01012010 till 31052010… normal to use location filter on xx … great till now …i am checking the cost in this report on the last column of this report … this cost is equal to the average cost on item card by using location filter xx on item card and using in date filter …31052010.

1st question : …is that right above what i am thinkin in … if this right then i wil post my main questions …

Hoping somebody to reply …thx