Unit Cost Tab displays information about the actual "Unitary Cost" (Unit Cost) of the product.
The "Unitary Cost" of a Product is the value of each stocked unit of the product no matter the costing algorithm used to calculate the cost of that product.
This cost is calculated using the "Total Stock" of a product and the "Total Value" of the stock of the product, as per formula below:
- Unit Cost = Total Stock Value / Total Stock
This way, the unitary cost calculated is independent of the "Costing Algorithm" used to calculate the cost of each transaction and product, therefore this unitary cost is compatible with all "Costing Algorithms" (Average, Standard, FIFO, ...)
In this Tab there is going to be a record for:
- each Organization that is a Legal Entity that has a Costing Rule defined
- or each Organization and Warehouse, whenever Warehouse Dimension is defined as a costing dimension of the current Costing Rule defined for the "Legal Entity".