Inventory Valuation Method: Average Cost
It is essential to have a clear understanding of your inventory valuation method as it impacts your financial inventory value. With the basic package in Rackbeat, you have the option to choose “average cost.”
Before you start registering your inventory movements, keeping a close eye on your stock, and creating sales orders, it is crucial to determine which inventory valuation method you will apply. The inventory valuation method affects how cost prices and the financial inventory value on your shelf are calculated.