Inventory Costing and Cost of Goods Sold (COGS)

You can use either perpetual or periodic inventory methods, and control your inventory costs using your chosen costing method: Moving average – Weighted average – FIFO – LIFO – Specific unit cost.

  • Change from one costing method to another easily by using a specially tailored maintenance tools to regenerate costs entries in various places of the program.
  • Monitor your inventory cost flow through your operations no matter how complicated they are, and make sure that opening balance + purchases (or other inputs) = COGS (or other outputs) + ending inventory at any time.