Program calculates the inventory unit price according to inventory price you've selected at pricing section located left side.

PURCHASE PRICE

You can enter inventory amounts according to purchase prices. You can take reports by selecting the options ; Purchase Price-1, Purchase Price-2, Purchase Price-3, Purchase Price-4.

Most Recent Purchase Price

You can take report and see inventory amounts of your products according to most recent purchase prices.

Average Purchase Price

When you make stock entries as,

10 00 USD in the date of 02.09.2018

25 00 USD in the date of 03.09.2018

35 00 USD in the date of 04.09.2018

for an example product, average purchase price the product will be calculated as

(10+25+35)/3 = 23,33 USD

In example quantities and purchasing prices of a stok is as,

10 PCS from 55.00 USD, 550 00 USD in the date of 01.07.2018

20 PCS from 65.00 USD, 1300 00 USD in the date of 01.07.2018

Sub Amount / Quantity formula is used while calculating Weighted Average Purchase Price

(550+1300=1850)/(10+20=30)=1850/30=61,66 USD

LIFO(LAST IN FIRST OUT)

Lifo Management : Lifo valuation method is based on assumption that the products that will go to production or will be selled, should be the products that are last entered to the stock.Usage order of the products in the stock goes backwards by starting from last entered products. In other words, they go out of stock according to the reverse order of the goods entering the stocks.

For Example, We made entry of;

10 PCS from 5 USD, 50 USD in the date of 01.07.2018

15 PCS from 2 USD, 30 USD in the date of 05.07.2018

25 PCS from 5 USD, 125 USD in the date of 15.07.2018

Then, when we make sales of 26 PCS in the date of 19.07.2018, program first subtracts 25 PCS in the date of 15.07.2018 than for the remaining 1 PCS, subtracts 1 PCS from the 15 PCS of entry that been made in the date of 5.07.2018, and calculates the inventory amount as 14*2=28+50=78.00. And program calculates inventory amount from remained quantitiy "Inventory Unit Price".

FIFO(FIRST IN FIRST OUT)

Fifo Management : Fifo valuation method is based on assumption that the products that will go to production or will be selled, should be the products that are first entered to the stock.

For Example, We made entry of;

10 PCS from 5 USD, 50 USD in the date of 01.07.2018

15 PCS from 2 USD, 30 USD in the date of 05.07.2018

25 PCS from 5 USD, 125 USD in the date of 15.07.2018

Then, when we make sales of 26 PCS in the date of 19.07.2018, program first subtracts 10 PCS in the date of 01.07.2018 than for the remaining 16 PCS, subtracts 15 PCS from the 15 PCS of entry that been made in the date of 15.07.2018, and calculates the inventory amount as 24*2=120. Su thus, first entered being removed first every each time.

SELLING PRICE

You can see inventory amounts according to purchase prices. You can take reports by selecting the options ; Selling Price 1, Selling Price 2, Selling Price 3, Selling Price 4

Include Extra Costs In Statistics

You can reflect additional cost amounts you have entered through purchase invoice to your stock inventory prices by marking the Include Extra Costs In Statistics box at stock inventory.