This tab contains information about the inventory item's cost and usage history. If you are using multiple locations, this cost and usage information is a summary of the item usage for all locations.
You see the following fields in the Cost/Usage tab of the Item Master Maintenance dialog box:
When you add a new item, the only information you can enter is the item's load percentage and standard cost.
Load %: Enter the percentage of your overhead cost to be allocated to the cost of this item. For example, you might assign a load percentage to a relatively low value item to compensate for the high cost of facilities required to store it. The load percentage is for informational purposes only; it does not automatically affect the item cost.
Order Point: (Only apperas in this dialog box for single-location companies.) Enter the quantity at which you reorder this item at this location. Inventory Control uses this information for hte Recommended Reorders Report.
Order Quantity: (Only appears in this dialog box for single-location companies.) Enter the standard quantity that you order for this item at this location.
Average Unit Cost: The program calculates this figure for you as you receive units into inventory, so you cannot edit it directly. This value is a caompany-wide average for the item. If you are using multiple inventory locations, you can see location-specific average costs in the Item at Location dialog box.
Standard Unit Cost: Enter the unit cost for this item. If your company uses standard costing as its inventory valuation method, this is the only time you can enter the standard cost directly in this dialog box. If you are using multiple inventory locations, you can enter a company-wide standard unit cost here, and you can use the Cost/Usage tab in the Item at Location dialog box to enter different standard costs for the item at each location. For companies using a costing method other than standard costing, this field is for reference only.
The lower section of the Cost/Usage tab displays information about the item's on-hand quantity, allocated quantities, on order quantities, and period- and year-to-date usage and sales. The program maintains these values based on transactions involving the item; therefore, for a new item these values are zero.