Cost Methods
Cost methods identify at what level inventory is reduced when materials are sold, transferred, or produced.
The cost method designation is defined in the IN Company Parameters form. However, you can override the cost method by inventory location in IN Locations or by location/material category in IN Location Category Override.
The system uses the cost method you select to relieve Inventory as entries are posted throughout the month. There are three cost methods available: Average Cost, Last Cost, and Standard Cost.
Select the links below for more information about each cost method.
