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.
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|
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.