User Guide - Wasp Barcode
User Guide - Wasp Barcode
User Guide - Wasp Barcode
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Chapter 6: Using Cost Tracking and Average Cost<br />
How is Average Cost and Item Value Calculated<br />
Cost handling in InventoryControl is designed to show you the average cost and<br />
current value of your inventory. You can use this cost information for other<br />
purposes as well, such as determining pre-tax and purchase order totals and<br />
receiving totals.<br />
How do I determine my Stocking Unit<br />
The quantity of an item on all screens and<br />
reports is counted using the Stocking Unit<br />
you specify or eaches (ea.) if you do not<br />
specify a unit. The stocking unit can be<br />
entered for each item on the New or Edit<br />
Item screen’s Additional tab (shown below).<br />
When you enter the stocking unit, you need<br />
to pick the smallest unit of measure that you<br />
will ever use to remove a whole item. A good<br />
TIP: As there is limited<br />
space on the reports and screens,<br />
we suggest you always put in an<br />
abbreviation for the Stocking Unit.<br />
Figure 36<br />
test to use when deciding what the<br />
stocking unit should be is to ask<br />
yourself how you count and refer to one<br />
unit. Think about what your answer<br />
would be if you were asked to count<br />
how many of this item you have. If the<br />
answer is 100 feet of rope, for example,<br />
“feet” or “ft.” is the Stocking Unit. If the<br />
answer is 20 scanners, then “ea.” is the<br />
Stocking Unit because “each” is<br />
common when the unit itself is not a standard unit of measure. If the answer is<br />
100 Boxes of Nails, then “box” or “bx.” is the Stocking Unit.<br />
We will address what you do if you remove in partial quantities or purchase the<br />
item in larger quantities than the stocking unit later in this chapter.<br />
63