Wasp Barcode Inventory Control - Manual (Page 181)

InventoryControl Printable Help
Average Cost
This is a calculated value that averages the cost paid for the current Quantity.
This will be blank when you are entering a new item, but will appear when you
are viewing the Edit Item screen for an item that has inventory (quantity).
If you have 20 quantity of this item at cost 10.00 and add another 30 quantity at
cost 8.00,
Average Cost = ((20 x 10.00) + (30 x 8.00)) / 50 = 8.80
Removes are calculated using the inventory calculation method you specified.
For example, if you are using the FIFO method, if you later remove 5, 5 of the
$10.00 items will be removed first,
Average Cost = ((15 x 10.00) + (30 x 8.00)) / 45 = 8.67
When calculating Average Cost, the software does not include records that have
an average cost of zero. When you run an Inventory Cost Report, the software
does include zero cost quantities when calculating Total Cost.
List Price
This field specifies a manufacturer's list price for an item. This field is for your
information only and is not included on any reports.
Sale Price
This field specifies the price at which you sell an item. This field is for your
information only and is not included on any reports.
Min Stock
Level
Not available for Kit items.
Max Stock
Level
Not available for Kit items.
Reorder Qty Not available for Kit items.
Total
Shippable
The total on hand amount minus committed quantities for all component items.
(Committed is inventory that is contained on a pick order.)
10.2.2 Kit Information Tab:
This tab is where you will indicate which items you want included in this Kit.
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