Tracking Item Costs

  1. On the Item Costs form, filter for the item for which you want to track costs.
  2. These fields are populated based on the item:
    Description
    A description of the item is displayed.
    Quantity On Hand
    The total quantity on hand at all nettable stockroom locations is displayed.
    Revision
    The revision number of the item is displayed, if applicable.
    U/M
    The unit of measure for the item is displayed.
    Source
    Purchased or Transferred is displayed as the source for the item. These values indicate how the item was acquired into inventory.
    Cost Method
    One of these cost flow methods, used for tracking and posting cost ledger transactions for the item, is displayed:
    • Average
    • LIFO
    • FIFO
    • Specific
    • Standard
    Cost Type
    The item cost type is selected.
  3. The unit cost fields show totals for these values:
    • Material Cost
    • Material
    • Freight
    • Duty
    • Brokerage
    • Insurance
    • Local Freight
    • Labor Cost
    • Fix Ovhd Cost
    • Var Ovhd Cost
    • Outside Cost
    • Total Unit Cost
  4. The date of the last standard cost roll-up is displayed in the Standard field.
  5. Optionally, specify the updated amount for these current unit cost fields:
    • Material
    • Freight
    • Duty
    • Brokerage
    • Unit Cost
  6. Save the record.

Use the buttons on this form as described here:

  • Click Items to open the Items form for the current item.
  • Click Item Purchase Costs to open the Item Purchase Costs form for the current item.
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