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| ISC Inventory Sales at Cost |
Do you sometimes sell items at cost? Normally when entering transactions, you must enter a selling price and then unit cost will appear. If you want to change selling price, you must escape back to selling price and enter the new price.
With ISC - Inventory Sales at Cost, you get a new Transaction type that automatically sets the selling price equal to cost.
To use ISC - Inventory Sales at Cost to enter sales at cost, use Enter Inventory Transactions program. At the "Transaction:" prompt, you can select a new transactions type, SAC - Sale at Cost.
F2 - Lookup at the Transaction prompt will display your new option:
+--------------------------------------------------------------------+ |+==================================================================+| ||INPROC Enter Inventory Transactions COMPANY ID: SP || ||10/18/91 Software Professionals Inc. GENERATION #: 12 || |+==================================================================+| |TRANSACTION DATE: 10/18/91 | | +==================================+ | |TRANSACTION.: | REC - Receipt | | | | SAL - Sale | | |ITEM TYPE...: | RET - Return | | |DEPARTMENT..: | ADJ - Adjustment | | |ITEM NUMBER.: | SAC - Sale at Cost | | | +==================================+ | |QUANTITY....: | |UNIT PRICE..: TOTAL PRICE.: | |UNIT COST...: TOTAL COST..: | |COMMENT.....: | | | | F1-Help | +--------------------------------------------------------------------+
When you are using LIFO or FIFO costing the unit price is averaged so that the total price is the same as the total cost.
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