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Cost calculations

Cost calculations

The service can calculate the cost of the transactions. How this is done can be configured for each item, and can be either:

  • FIFO: First In, First Out
    • This means the cost of the oldest delivery with a remaining quantity, will be used as the cost for the transaction.
  • LIFO: Last In, First Out
    • This means the cost of the newest delivery with a remaining quantity, will be used as the cost for the transaction.
  • FEFO: First Expires, First Out
    • This means the cost of the first batch to expire having a remaining quantity, will be used as the cost for the transaction.
  • Weighted average cost (default):
    • This means a weighted average cost is calculated when a delivery is done. This is weighted based on the remaining quantities for the deliveries and is calculated when a delivery is done/modified. The calculated average cost is used as the cost for the arriving transaction, e.g. sales.

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