Average costing method,

Thanks you very much,

It works exactly like that, i tried with one part already.


--- In vantage@yahoogroups.com, "Jasper Recto" <jrecto@l...> wrote:
> I believe this is how it works but you might want to get a second
opinion!
>
> When a part goes into inventory, it has a cost associated with it.
Either a purchase cost or a manufactured cost. If your beginning
quantity on hand is zero then the average cost is simply the last
cost the part of the part when it goes into inventory.
>
> If your beginning quantity on hand is greater than zero, than as a
part goes into inventory, the average cost is calculated by taking
the (existing quantity x unit price) + ( new quantity x unit price
its going in as) / Total quantity.
>
> Jasper
>
> -----Original Message-----
> From: sharma_nalini [mailto:sharma_nalini@y...]
> Sent: Monday, August 15, 2005 1:08 PM
> To: vantage@yahoogroups.com
> Subject: [Vantage] Average costing method,
>
>
> Does anyone knows how this Average costing method for a part works?
>
> How many transactions/time period it consider to calculate the
average
> cost?
>
>
>
>
>
>
> Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
must have already linked your email address to a yahoo id to enable
access. )
> (1) To access the Files Section of our Yahoo!Group for Report
Builder and Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
> (2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
> (3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links
> Yahoo! Groups Links
Does anyone knows how this Average costing method for a part works?

How many transactions/time period it consider to calculate the average
cost?
What version are you on?

Todd Anderson

_____

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of
sharma_nalini
Sent: Monday, August 15, 2005 12:08 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Average costing method,


Does anyone knows how this Average costing method for a part works?

How many transactions/time period it consider to calculate the average
cost?





Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links



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[Non-text portions of this message have been removed]
We are on 5.0

--- In vantage@yahoogroups.com, "todd Anderson" <todd.anderson@s...>
wrote:
> What version are you on?
>
> Todd Anderson
>
> _____
>
> From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On
Behalf Of
> sharma_nalini
> Sent: Monday, August 15, 2005 12:08 PM
> To: vantage@yahoogroups.com
> Subject: [Vantage] Average costing method,
>
>
> Does anyone knows how this Average costing method for a part works?
>
> How many transactions/time period it consider to calculate the
average
> cost?
>
>
>
>
>
> Useful links for the Yahoo!Groups Vantage Board are: ( Note: You
must have
> already linked your email address to a yahoo id to enable access. )
> (1) To access the Files Section of our Yahoo!Group for Report
Builder and
> Crystal Reports and other 'goodies', please goto:
> http://groups.yahoo.com/group/vantage/files/.
> (2) To search through old msg's goto:
> http://groups.yahoo.com/group/vantage/messages
> (3) To view links to Vendors that provide Vantage services goto:
> http://groups.yahoo.com/group/vantage/links
>
>
>
> _____
>
> YAHOO! GROUPS LINKS
>
>
>
> * Visit your group "vantage
<http://groups.yahoo.com/group/vantage> "
> on the web.
>
>
> * To unsubscribe from this group, send an email to:
> vantage-unsubscribe@yahoogroups.com
> <mailto:vantage-unsubscribe@yahoogroups.com?subject=Unsubscribe>
>
>
> * Your use of Yahoo! Groups is subject to the Yahoo! Terms of
Service
> <http://docs.yahoo.com/info/terms/> .
>
>
> _____
>
>
>
>
> [Non-text portions of this message have been removed]
I believe this is how it works but you might want to get a second opinion!

When a part goes into inventory, it has a cost associated with it. Either a purchase cost or a manufactured cost. If your beginning quantity on hand is zero then the average cost is simply the last cost the part of the part when it goes into inventory.

If your beginning quantity on hand is greater than zero, than as a part goes into inventory, the average cost is calculated by taking the (existing quantity x unit price) + ( new quantity x unit price its going in as) / Total quantity.

Jasper

-----Original Message-----
From: sharma_nalini [mailto:sharma_nalini@...]
Sent: Monday, August 15, 2005 1:08 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Average costing method,


Does anyone knows how this Average costing method for a part works?

How many transactions/time period it consider to calculate the average
cost?






Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and Crystal Reports and other 'goodies', please goto: http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto: http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto: http://groups.yahoo.com/group/vantage/links
Yahoo! Groups Links