Overview
This screen displays the Item Average Cost values, which are calculated by the system.
Navigation
Inventory Management > Inventory Item Average Cost Quantity > Actual Costs Tab
Fields
Avg Unit Cost, Material: Under Weighted Avg Cost, this is re-averaged when an Item that carries this cost element is increased in inventory. This is calculated by adding the total value of this cost element (unit cost x quantity) to the existing value divided by the new total quantity.
Avg Unit Cost, Labor: Under Weighted Avg Cost, this is re-averaged when an Item that carries this cost element is increased in inventory. This is calculated by adding the total value of this cost element (unit cost x quantity) to the existing value divided by the new total quantity.
Avg Unit Cost, Material Ohd: Under Weighted Avg Cost, this is re-averaged when an Item that carries this cost element is increased in inventory. This is calculated by adding the total value of this cost element (unit cost x quantity) to the existing value divided by the new total quantity.
Avg Unit Cost, Labor Ohd: Under Weighted Avg Cost, this is re-averaged when an Item that carries this cost element is increased in inventory. This is calculated by adding the total value of this cost element (unit cost x quantity) to the existing value divided by the new total quantity.
Avg Unit Cost, Fringe Ohd: Under Weighted Avg Cost, this is re-averaged when an Item that carries this cost element is increased in inventory. This is calculated by adding the total value of this cost element (unit cost x quantity) to the existing value divided by the new total quantity.
Avg Unit Cost, Machine Ohd: Under Weighted Avg Cost, this is re-averaged when an Item that carries this cost element is increased in inventory. This is calculated by adding the total value of this cost element (unit cost x quantity) to the existing value divided by the new total quantity.
Avg Unit Cost, Subcontract Material: Under Weighted Avg Cost, this is re-averaged when an Item that carries this cost element is increased in inventory. This is calculated by adding the total value of this cost element (unit cost x quantity) to the existing value divided by the new total quantity.
Avg Unit Cost, Subcontract Lab: Under Weighted Avg Cost, this is re-averaged when an Item that carries this cost element is increased in inventory. This is calculated by adding the total value of this cost element (unit cost x quantity) to the existing value divided by the new total quantity.
Avg Unit Cost, Total: Under Weighted Avg Cost, this is re-averaged when an Item is increased in inventory. This is calculated by adding the total value of this cost (unit cost total x quantity) to the existing value divided by the new total quantity.
NOTE: When a Division is configured to use Freight and Landed Cost, two additional cost fields will display, the Average Cost, Freight and Avg Cost, Other Landed Cost fields.
Avg Cost, Freight: Under Weighted Avg Cost, this is re-averaged when an item that carries this cost element is increased in inventory. This is calculated by adding the total value of this cost element (unit cost x qty) to the existing value divided by the new total quantity.
Avg Cost, Other Landed Cost: Under Weighted Avg Cost, this is re-averaged when an item that carries this cost element is increased in inventory. This is calculated by adding the total value of this cost element (unit cost x qty) to the existing value divided by the new total quantity.
SEE ALSO
Inventory Item Average Cost Quantity
Inventory Item Average Cost Quantity Usage History Tab
Inventory Item Average Cost Quantity Last Avg Costs Tab
Freight & Landed Costs: Overview
