Unit Cost

Unit Cost

You enter the unit cost for a detail only if the item uses the User-Specified costing method in Inventory Control.

Additional Unit Cost Notes:

The unit cost for each inventory item appears in Order Entry forms if you have the proper security rights.

The Order Entry form shows the estimated cost of each item in the order.

When items are costed during posting or day end processing (depending on the Inventory Control costing option), the actual cost is updated in the Shipment Entry form and Invoice Entry form.

Note: The Order Entry form retains the estimated cost and is not updated.

The following table lists the various inventory costing methods and the methods used to cost items on orders, shipments and invoices.
 

Item Costing Method	Before Costing	After Costing
FIFO	Moving Average	FIFO
LIFO	Moving Average	LIFO
Moving Average	Moving Average	Moving Average
Most Recent	Cost Most Recent	Cost Moving Average
Standard	Standard Cost	Moving Average
User Specified	User Specified	User Specified
Serial Costing	Moving Average	Serial Cost
Lot Costing	Moving Average	Lot Cost

For serial costing and lot costing, if the serial numbers and lot numbers allocated in a transaction have different costs, the average cost of the serials or lots are shown in the Unit Cost field. (For more detailed information, see the Inventory Control help on Serial/Lot Costing Methods.)

For kitting items, the unit cost is displayed as the sum of all of the components’ costs.