Contains the cost per unit of the item.

Depending on what you selected in the Costing Method field, the program fills in the Unit Cost field as follows:

If the costing method is FIFO, LIFO, Specific, or Average, then the program updates the field in the following cases:

If one of these conditions is true, the program will update the Unit Cost field with the value in the Last Direct Cost field on the item card.

If the item uses the costing method Average, you can choose the field to open the Average Cost Calc. Overview window, which shows all the source value entries that the program uses for calculating the average cost, grouped and summarized by average cost period.

Tip


TRIMIT Add-on:

If the Use Standard Cost Globally parameter of the General Ledger Setup is set to a value different from No, this field is calculated by the program as a summation of Std. Unit Cost Material, Std. Unit Cost Machine, Std. Unit Cost Time and Std. Unit Cost Overhead.

See Also