Hi Chris,

You are right. The Cost, CPC, CPM and other currency related fields 
<https://developers.google.com/adwords/api/docs/guides/reporting-concepts#money-fields-in-reports>
 are 
of the type Money 
<https://developers.google.com/adwords/api/docs/reference/v201603/BudgetService.Money>,
 
which is represented in micros; one million is equal to one unit. There 
isn't any error in the report. 

I hope this helps.

Regards,
Shwetha, AdWords API Team.

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