Wasp Barcode Inventory Control - Manual (Page 33)

InventoryControl Printable Help
We will address what you do if you remove in partial quantities or purchase the item in larger quantities
than the stocking unit later in this topic.
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 field.
If you remove fractional quantities of an item, the cost should still be for one whole stocking unit. Let's
use rope as 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 12 cents. Continuing the rope example, assume that exact multiples of
feet are rarely sold. In this case you could change the stocking unit to inches since that is the lowest unit
or measure. 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.
Regardless of the stocking unit you choose, the cost should be entered for one whole stocking unit.
How is Cost handled when I Add Inventory on the PC?
When inventory is added on the PC, it is assigned a cost for each 1 unit. If you add 20 scanners in the
Add screen, the cost will automatically default to the Item Cost (the cost you entered on the New or Edit
Item screen > General tab).
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