£77.99
This feature allocates purchase costs, ocean/air freight, customs duties, warehousing fees, and losses to each sold item using First-In-First-Out (FIFO) or a weighted average method. It regularly reconciles inventory system quantities with book values, calculates ending inventory estimates, and adjusts for discrepancies arising from inventory gains and losses. By matching cost of goods sold (COGS) with revenue, it accurately calculates the marginal contribution of each SKU, providing a reliable financial basis for pricing strategies.
Company:
SAM & CO ACCOUNTANTS LIMITED
Address:
1st Floor, 479 Chester Road, Manchester, England, M16 9HF
Email:
Support@samcoaccountants.uk
Phone:
+44 7903623727
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