Netsuite > Hierarchy of transactions in Inventory cost calculation

1. First In day worksheets
2. + Purchase transactions (receipts, Bills, adjustments, Assembly Builds)
3. + Transfers and Transfer Orders (shipments and receipts)
4. -Vender Return Shipments
5. -Sales transactions (fulfilments, invoices, Cash sales, adjustment, Component Build)
6. + Return transactions (return Authorization receipts)
7. Last on day worksheets

The calculation of the inventory cost has a great relationship with the time node,

How to calculate the cost of goods:

-FIFO, LIFO, Average, all pay attention to the operation of the combined time node.

-Actual (specific), which is a lot number or serial numbers corresponding to the specified.

Tracking Report:

-Inventory Valuation

Note

Average: (Quantity 1* Unit price 1 + quantity per Unit 2)/(Quantity 1+ quantity 2) belong to weighted average method

When Multi-location feature is enabled, the same goods, different location, may get different inventory costs.

Netsuite > Hierarchy of transactions in Inventory cost calculation