Average Cost.
Multistore: This field is store-specific.
This field on the Pricing tab of Inventory Maintenance is the average cost of the quantity on your shelf.
The system uses the following calculation:
[(receipt cost x qty received) +
(old average cost x QOH before receipt)]
--------------------------------
new QOH
The Receiving Report (RRP), Option F updates this field. You can enter an average cost for this item. For example, you have just installed your system and are adding this item. You have tracked the average cost, and want to add it, too. This field is numeric. You can enter up to seven numbers plus a decimal point. For example, 1234.567.
The default is blank.