Inventory Actual Item Costs

Solution FIFO = FIRST IN FIRST OUT. BUT, if you have more than three purchases/returns with items still unsold, these can become averaged costs.

ACTUAL ITEM COSTS uses the purchases, and reduces them one purchase at a time until gone.

Only really makes a difference if doing lots of purchases.

Was this article helpful? yes / no

Article details

Article ID:	396
Category:	Add-Ons and Support
Date added:	2011-10-25 08:30:19
Views:	555
Rating (Votes):	(29)

« Go back