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Why is it necessary to input ITEM COST in inventory master.

Why is it necessary to input ITEM COST in inventory master. Can we do without it.

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  • Posted on Oct 20, 2007 at 06:01 AM

    Hello Khus,

    It is necessary to calculate your profit margin, to allow stock release (although you can allow without item cost), to calculate your inventory value and COGS.

    It is okay you did not use it and just use price list but it will give 100% profit and there is no cost influence in your balance sheet and PL

    JM

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