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Projects:Product Unit Cost

Unit Cost tab

Unit Cost Tab contains information about the actual unit cost of the product, the stock and its valuation

Stock Valuation1.png

The information in this Tab is highly tied to the calculated Cost of a Product. For more information, please refer to the Costing section of the Product Documentation. This dependency has two implications:

Fields to note:

Afterwards, the values are updated automatically:

There is also a Process named Reset Unit Cost. This Process allows to delete the records contained in this Tab and generate them again. It can be filtered by Organization.

The amounts and costs are calculated in the default currency of the legal entity. In case this currency is changed all the calculated unit costs are deleted and the Reset Stock Valuation process needs to be executed to recalculate the unit costs in the new currency.

This is an example of how the information of this Tab is filled and Updated.

1. A new Product is created for F&B US. This Organization has already a Costing Rule defined, therefore this Tab will be filled with the information about it's Stock, Stock Valuation and Unit Price (since it is a new Product, everything will be 0)

Stock Valuation2.png

2. Two Goods Receipts are done for this Product, but it's Cost has not been calculated yet (This an be verified in the Transactions Tab in the Product Window). The information of this Tab is not updated.

Stock Valuation3.png Stock Valuation9.png

3. The Costing Background Process is fired and it calculates the Cost for all the Transactions that don't have it calculated. The Tab is updated.

Stock Valuation4.png Stock Valuation5.png

4. A Goods Shipment is made for this Product, but it Cost has not been calculated yet. This Tab is not updated.

Stock Valuation6.png Stock Valuation5.png

5. The Costing Background Process is fired and it calculates the Cost for all the Transactions that don't have it calculated. The Tab is updated.

Stock Valuation7.png Stock Valuation8.png

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