Tag Archives: Average cost

Difference between Standard cost and Average Cost in Sage 300

Inventory is one of the factors that you can control to improve your small business profitability. Inventory is the largest current asset for any business and proper measurement of inventory is important to assure financial statement of the business. Inventory levels can have a direct effect on a cash flow. The way you source and… Read More »

New Unit Cost field on IC Lot Numbers Inquiry in Sage 300 ERP 2012

In Product Update 2 of Sage 300 ERP 2012; IC Lot Numbers Inquiry screen includes new Unit Cost filed which displays the unit cost of items in a particular lot. In this blog; we will find out how the unit cost is calculated. To use this feature; first of all you need to install Product… Read More »