{"id":36707,"date":"2026-02-02T14:45:26","date_gmt":"2026-02-02T12:45:26","guid":{"rendered":"https:\/\/rackbeat.com\/?post_type=product_features&#038;p=36707"},"modified":"2026-02-02T14:45:50","modified_gmt":"2026-02-02T12:45:50","slug":"cost-price-principle-average-cost","status":"publish","type":"product_features","link":"https:\/\/rackbeat.com\/en\/product_features\/cost-price-principle-average-cost\/","title":{"rendered":"Cost Price Principle: Average Cost"},"content":{"rendered":"","protected":false},"featured_media":20317,"template":"","meta":{"content-type":"","inline_featured_image":false},"product_features-cat":[230],"class_list":["post-36707","product_features","type-product_features","status-publish","has-post-thumbnail","hentry","product_features-cat-basi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.0 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cost Price Principle: Average Cost | Rackbeat<\/title>\n<meta name=\"description\" content=\"Choose Cost Price Principle: Average Cost in Rackbeat to calculate stable cost prices and inventory value\u2014ideal when purchase prices fluctuate.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rackbeat.com\/en\/product_features\/cost-price-principle-average-cost\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cost Price Principle: Average Cost\" \/>\n<meta property=\"og:description\" content=\"Choose Cost Price Principle: Average Cost in Rackbeat to calculate stable cost prices and inventory value\u2014ideal when purchase prices fluctuate.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rackbeat.com\/en\/product_features\/cost-price-principle-average-cost\/\" \/>\n<meta property=\"og:site_name\" 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the right inventory costing method, as it affects your inventory value. With Rackbeat\u2019s basic package, you have the option to use Average Cost.<\/p>\n<p>&nbsp;<\/p>\n<p>Before you start registering stock movements, keeping track of your inventory levels, and creating sales orders, it\u2019s important to decide which costing method you want to use. Your chosen method impacts how both cost prices and inventory value are calculated in your system.<\/p>\n","button_text":"","button_url":""},{"acf_fc_layout":"two_columns_text","title":"Stay in control of inventory value and cost prices","cta_content_first":"<p data-start=\"117\" data-end=\"359\">When you choose <strong data-start=\"133\" data-end=\"149\">Average Cost<\/strong> in Rackbeat, the cost price of your items is calculated based on the average of your purchases. This provides a stable and simple way to manage inventory\u2014especially if your purchase prices fluctuate over time.<\/p>\n<p data-start=\"361\" data-end=\"677\">As an alternative, you can choose <strong data-start=\"395\" data-end=\"425\">FIFO (First In, First Out)<\/strong>, where the cost price is based on the actual purchase prices, and the oldest items leave inventory first. Which method is best depends on your business and your needs\u2014so we recommend consulting your bookkeeper or accountant before making the decision.<\/p>\n<article class=\"text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" tabindex=\"-1\" data-turn-id=\"request-WEB:de365965-f4e1-4480-b270-be283e91ce04-38\" data-testid=\"conversation-turn-78\" data-scroll-anchor=\"false\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto [--thread-content-margin:--spacing(4)] @w-sm\/main:[--thread-content-margin:--spacing(6)] @w-lg\/main:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\" tabindex=\"-1\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-1\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"23db6a0c-22dd-49ba-b56c-4c079228e35d\" data-message-model-slug=\"gpt-5-2\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[1px]\">\n<div class=\"markdown prose dark:prose-invert w-full wrap-break-word light markdown-new-styling\">\n<p data-start=\"1336\" data-end=\"1357\"><strong>Important to know<\/strong><\/p>\n<p data-start=\"1358\" data-end=\"1490\" data-is-last-node=\"\" data-is-only-node=\"\">The choice between <strong data-start=\"1377\" data-end=\"1393\">Average Cost<\/strong> and <strong data-start=\"1398\" data-end=\"1406\">FIFO<\/strong> is made during the setup of your Rackbeat account\u2014and cannot be changed afterwards.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"z-0 flex min-h-[46px] justify-start\"><\/div>\n<\/div>\n<\/div>\n<\/article>\n","cta_button_text_first":"","cta_button_link_first":"","cta_content":"<p data-start=\"679\" data-end=\"734\"><strong>Average Cost gives you simpler inventory management<\/strong><\/p>\n<p data-start=\"735\" data-end=\"796\">When you work with Average Cost, you get, among other things:<\/p>\n<ul class=\"list-container checkmark-list list-container list-container-book-demo\">\n<li class=\"list-item\">Cost prices calculated based on the average of your purchases<\/li>\n<li class=\"list-item\">More stable inventory value\u2014even when purchase prices vary<\/li>\n<li class=\"list-item\">A simpler workflow with less administrative work<\/li>\n<li class=\"list-item\">A more streamlined inventory flow in day-to-day operations<\/li>\n<li class=\"list-item\">A solid foundation for costing and profit margin calculations<\/li>\n<\/ul>\n","cta_button_text":"","cta_button_link":"","background_color":"#edd5c3","text_color":"#14143f"},{"acf_fc_layout":"integrations","title":""}]},"featured_image_url":"https:\/\/rackbeat.com\/wp-content\/uploads\/2023\/12\/Lagerprincip.png","date_of_post":"02.02.2026","category_names":"Basic &amp; Premium Subscription","_links":{"self":[{"href":"https:\/\/rackbeat.com\/en\/wp-json\/wp\/v2\/product_features\/36707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rackbeat.com\/en\/wp-json\/wp\/v2\/product_features"}],"about":[{"href":"https:\/\/rackbeat.com\/en\/wp-json\/wp\/v2\/types\/product_features"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rackbeat.com\/en\/wp-json\/wp\/v2\/media\/20317"}],"wp:attachment":[{"href":"https:\/\/rackbeat.com\/en\/wp-json\/wp\/v2\/media?parent=36707"}],"wp:term":[{"taxonomy":"product_features-cat","embeddable":true,"href":"https:\/\/rackbeat.com\/en\/wp-json\/wp\/v2\/product_features-cat?post=36707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}