Calculated Cost
What is the difference between Applied Cost & Calc Cost?
Calculated cost is the cost of an item determined by a formula. Yellow Dog has several formulas, or calculated cost methods to choose from based on your business needs. These formulas take into consideration sales, purchasing, physicals, item ...
Calculated Cost explained: First in First Out
Cost is calculated as the first inventory value brought in for an item. Meaning If you buy 10 @ $10 and then 15 @ $25, the cost of an item will be $10 until the first 10 are depleted. Then the cost will be $25. Many things can impact the timeline of ...
Calculated Cost Explained: Default Vendor Price
Default Vendor Price Cost is assigned as the default vendor price as it was at the time of the adjustment In other words, when something sells, it looks to see what the default vendor was at that time sold. Doesn’t matter what the default vendor is ...
Calculated Cost Explained: Perpetual Weighted Average
Perpetual Weighted Average Calculated cost of an item is determined using a weighted average that gets re-evaluated when inventory is purchased and sold/depleted Cost is computed for remaining on hand using FIFO Buy 10 @ $10, then buy 5 @ $3 | ...
Calculated Cost Explained: Weighted Average Per Store & All Stores
Weighted Average Per Store & All Stores Calculated cost of an item is defined as the average price paid across all history of an item. Per Store – cost only factors in the price paid for the item in each store independently. Cost can be different in ...
Can I change an Items Calculated Cost?
How do I set or change an item's average cost? The following is a list of rules that can be used to calculate an item's weighted average cost: An item's weighted average cost is reset every time the item reaches zero on hand.For the most part an ...
Calculated Cost Explained: Last Vendor Price
Cost is calculated as last vendor price regardless of depletion. Meaning if the vendor price at 10am was $15 and you changed the vendor price to $7 at 10:30 and sales were pulled at 11, the cost of goods would be for $7
What calculated cost is displayed in the Item Editor?
When you open the Item Editor in Yellow Dog Inventory, you see the Calculated Cost field in the F&B and/or Retail Details tab: This is THE MOST RECENT calculated cost computed for this item, in ANY store. When you open the "Stores" tab from the ...