Item Actual Purchase Prices (tdipu1500m100)

Use this session to view actual purchase prices by item.

Note

Together with the average purchase price, the average landed cost is used to determine an item's standard cost.

Related topics

 

Item
The raw materials, subassemblies, finished products, and tools that can be purchased, stored, manufactured, and sold.

An item can also represent a set of items handled as one kit, or which exist in multiple product variants.

You can also define nonphysical items, which are not retained in inventory but can be used to post costs or to invoice services to customers. The examples of nonphysical items:

  • Cost items (for example, electricity)
  • Service items
  • Subcontracting services
  • List items (menus/options)
Last Purchase Price Transaction Date
The most recent date on which the item's purchase price was changed.
Average Purchase Price
The average purchase price, which is based on cumulative purchases or on the current inventory, as specified in the Method of Calculating Average Purchase Price field of the Purchase Order Parameters (tdpur0100m400) session.
Purchase Currency
The monetary unit in which the purchase price is expressed.
Note

When the purchase currency is changed, prices are automatically recalculated.

Latest Purchase Price
The purchase price that is displayed on the most recent invoice received for the concerned purchased item.
Cumulative Purchase Receipts
The quantity of cumulative receipts based on which the average purchase price is calculated.
Note

You can reset the cumulative purchase receipts in the Equate Balance of Receipts with Inventory Level (tdipu0201m000) session.

Purchase Price Unit
The item unit in which an item's purchase price is expressed. This unit can differ from the item's inventory unit.
Note

When the purchase price unit is changed, prices are automatically recalculated.

Latest Landed Cost Transaction Date
The most recent date on which the item's landed cost was changed.
Average Landed Cost
An item's average landed cost, which is based on cumulative purchases or on the current inventory, as specified in the Method of Calculating Average Landed Cost field of the Landed Costs Parameters (tclct0100m000) session.
Latest Landed Cost
An item's latest landed cost.
Cumulative Purchase Receipts
The quantity of cumulative receipts based on which the average landed cost is calculated.
Note

You can reset the cumulative purchase receipts in the Equate Balance of Receipts with Inventory Level (tdipu0201m000) session.

 

Item Actual Landed Costs
Starts the Item Actual Landed Costs (tclct3600m000) session.