Assigning Unit Cost

Access the Work With Item Pool Cost form.

Note: Instead of using a calculated cost, you can specify a cost for each item and pool that you want to value stock using the replacement/current cost method. The system uses this information to calculate the value of the stock.You can maintain the replacement cost of the items and pools, as well as the specified effective dates. If multicurrency is active for the company, you can select to store the values in domestic or dual currency.

1. Complete the Company field.

2. To enter values for a stable currency, click the Dual Currency option.

3. Click Add.

4. (Optional) On Item Pool Cost Maintenance, complete one of these fields:

   • Item Number

   • Item Pool

5. Complete the Unit Cost field and the Effective Thru Date field in the detail area, and click OK.

   The unit cost is the amount per unit, derived by dividing the total cost by the unit quantity. The value in the Effective Thru Date field is the date on which the item, transaction, or table becomes inactive, or through which you want transactions to appear. This field is used generically throughout the system. It could be a lease effective date, a price or cost effective date, a currency effective date, a tax rate effective date, or whatever is appropriate.