Defining Item Costs Lesson


In this lesson you will learn how to define item costs. 


Steps:

  1. Click the State of Nebraska link.

    Step 1
  2. Click the Inventory link.

    Step 2
  3. Click the Inventory Setup link.

    Step 3
  4. Click the Inventory Master link.

    Step 4
  5. Click the Item Branch/Plant link.

    Step 5
  6. Enter the item number into the Item Number field. 

     

    For this lesson enter "TR-12345".

    Step 6
  7. Click the Find button.

    Step 7
  8. Choose the desired Branch/Plant row in the grid by clicking the check box next to it.  

     

    Click the 6505001W option.

    Step 8
  9. Click the Row button.

    Step 9
  10. Click the Cost Revisions menu.

    Step 10
  11. Verify the following Costing Methods information in the header:

     

    Sales/Inventory – 02, (Weighted Average defaults)

    Purchasing – 01, (Last In defaults)

    Step 11
  12. Enter the cost method into the Cost Method field. Use the Visual Assist tool if necessary.  

     

    For this lesson enter "09".

    Step 12
  13. Press [Tab].

    Step 13
  14. Enter the unit cost into the Unit Cost field. 

     

    For this lesson enter "100.00".

    Step 14
  15. Click the OK button.

    Step 15
  16. Click the Cancel button.

    Step 16
  17. Click the Close button.

    Step 17

You have successfully completed this lesson.

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