Item Actual Landed Costs (tclct3600m000)

	Item Actual Landed Costs (tclct3600m000) Use this session to view actual landed costs by item. Note Together with the average purchase price, the average landed cost is used to determine an item's standard cost. This session is updated when all landed costs for a purchase receipt are invoiced. If the invoice is unapproved, the cost calculation for the average landed cost is reversed. Prices are only updated if all invoices for all landed cost lines related to a receipt have the Update Average/Last Purchase Price check box selected. Prices by Cost Component The lines on this tab refer to the Item Actual Landed Costs by Cost Component (tclct3501m000) session, in which you can view an item's actual landed costs by cost component. Related topics Landed costs – overview Cost Calculation Code 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) Latest Transaction Date The most recent date on which the item's landed cost was changed. 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. 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. Total Average Landed Cost The total of all linked cost components ' average landed cost. The average landed cost 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. Currency The monetary unit in which the purchase price is expressed. Total Latest Landed Cost The total of all linked cost components' latest landed cost.