User guide

64
What is the Cost for my Item?
When you input cost for an item into the New or Edit Item screen the cost is your
cost for purchasing one of the stocking
units. If one Barcode Laser Scanner costs
$300 you would enter 300 into the cost
box.
If you remove fractional quantities of an
item, the cost should still be for one whole
stocking unit. Lets use rope for an
example. Normally the rope is sold in
increments of a foot so the Stocking Unit is
ft. Each foot costs $0.12 making the cost
twelve cents. Continuing the rope
example, assume that exact multiples of
feet are rarely sold. Should the stocking
unit be changed to inches since that is the
lowest unit measured? In this case it is up
to you to determine which Stocking Unit
you use. Since InventoryControl does not
do the math for you when determining the
quantity you are adding and the cost at add time you should choose one that
makes it easiest for you to add and remove. Whichever Stocking Unit you
choose, the cost should be entered for one whole Stocking Unit.
How is Cost Handled when I Add Items?
When items are added, they are assigned a cost for each 1 unit. If you add 20
scanners in the Add window, the cost will automatically default to the Item Cost
(the cost entered on the New or Edit Item screen). In our example the cost would
be $300.
Figure 37
Figure 38