The Location was removed from the Inventory Cost report, because the location information is not tied to cost the same way for items using the new FIFO and LIFO cost methods as it was in older versions of the program.
Download http://dl.waspbarcode.com/wasp/supportfiles/InventoryAverageCostReport.zip and extract it on the server machine. Run Update.bat on the server to update the database, then copy Inventory Average Cost Report.rpt to C:\Program Files (x86)\Wasp Technologies\InventoryControl\Reports on all of the machines running the client program.
This will add a new report to the Inventory Reports, Inventory Average Cost Report. This report will show an estimate of the cost at each location by taking the average cost for the item and multiplying it by the quantity in the location, even if you are using FIFO or LIFO methods.