I would like you to add the dollar value of the counted parts physical inventory.  The variance report created by the process includes the dollar variance of the variance, but that really doesn't mean much unless I know the value of the parts that the report starts with - I can't assume it ties to my G/L, plus, I would have to run a valuation report when this variance report is first created and then one after, and possibly make some adjustments for WIP and A/P transactions, which I understand, but ...

It would just make it so much easier if I had and could save a report showing the value of the counted inventory.  And, I know you're going to get into variable cost values, with FIFO, etc., but, whatever value you use to value the variance, use that cost to give me a value of the physical inventory counts.  Just add the values to the 'before' and 'after' physical counts columns.  Sounds simple to me.