Specifications

Chapter 5. Inventory
Dim11 175
MARKET COST BASIS
Field #15
The system can maintain the following costs for each inventory item: average, last,
and market. For a more thorough look at inventory costs, see the next section,
Costs & Prices.
The market cost basis is a code assigned to each item that defines how the market
cost is determined. The daily Sales Analysis report as well as some other Sales
Analysis reports allow you to print showing gross margin based on either average
or market cost or both. You have the option to use a different market cost basis for
different items in your inventory depending on the nature of the items. The
market cost basis codes are:
0 = Use last cost as market cost. As the receiving last cost changes, so does
market cost automatically.
1 = Use List/Base as market cost. As List/Base changes, so does market cost
automatically.
2 = Use market cost as market cost. This is used on lumber items with
frequent cost fluctuations such as redwood. You must manually
maintain the market cost of these items using one of the price/cost
maintenance procedures.
3 = Use cost % as market cost. If the item is set up for cost%=0 (field 18), POS
will stop and ask for a cost for this item even though there may be an
average and market cost already set up.
For hardware items or items with infrequent cost changes, you may wish to use
option 0 (last cost as market cost). For commodity items where costs and prices
fluctuate according to market trends, you may wish to use option 2 (market cost as
market cost) and manually maintain the market cost.
CONVERSION FACTOR
Field #16
This is the multiplication factor needed to convert to a different unit of measure
other than each. It can be up to 4 digits before and 4 digits after the decimal
(9999.9999). For example:
Board Feet = Number of board feet in one unit
Thickness x width x length
12
2 x 4 x 8
12 = 5.3334
2 x 2 x 14
12 = 4.6667
1 x 2 x 8
12 = 1.3333
Square Feet = Number of square feet in one unit
Width x length
4 x 4 = 16.0000
4 x 8 = 32.0000