1、Inventory Costing:Choosing the Right MethodCarolyn Dawkins2AgendaIntroductionLearning ObjectivesSession OverviewBusiness Scenario DiscussionUse Case:How Inventory Costing Impacts Cost of Goods Sold(COGS)and Financial StatementsSolutionBenefits and ConsiderationsDemoQuizQ&A|Survey CompletionSummary a
2、nd Key Takeaways3Presented byCarolyn DawkinsSr.ERP Implementation Consultant4CPE DisclaimerThis session is NASBA-compliant,and you may get 1 CPE credit if you fulfill the following requirements:Participate in at least one quizProvide your full name and email address when you complete a quizFailure t
3、o provide your full name and email address will result in Acumaticas inability to recognize you in our reports;thus,we will be unable to issue a CPE certificate for you.If you are not interested in getting the CPE credit,specifying your personal details is optional.Learning Objectives6Learning Objec
4、tivesIn this session,you will learn how to do the following:Learn how inventory costing impacts cost of goods sold(COGS)and Income StatementsDemo Inventory Costing Examples(Standard,Average Cost,FIFO,and Specific Costing)Use reports and inquiries to reconcile inventory valuation to the General ledge
5、r and learn why this is a best practiceEvaluate the impact of item cost on Gross Profit Margin(estimated/actual)Session Overview8Acumatica Offerings Acumatica is a more robust midmarket ERP systemProvides flexibility as business needs changesSupports Standard,Average,FIFO and Specific Inventory Valu
6、ationSpecific valuation method can only be used if the Lot and Serial Tracking feature is enabled on the Enable/Disable features(CS100000)form.Different items can have different inventory valuation methods the same item cannot have different inventory methods simultaneously Manage cost by warehouseS