OT: Valuing Inventory

[Larry Bohen]

We are implementing a process to scan (with a handheld WorthData scanner)
all audiobooks when they are received. Order Manager will adjust inventory
amounts when we process orders for shipping. I want the inventory records to
reflect quantity in/out and cost. The scanner program is setup to accept a
"cost" when items are scanned, however, much of the time, when we receive a
shipment, all we have is a packing slip without costs stated.

My question is: How do others reflect cost in their inventory records when
you don't have the cost upon initial receipt of the item?

Do you go back, once you have the invoice for each shipment, and manually
adjust the cost in your inventory records?

[Nikolaus Gruchot]

Hi Larry,

we are not working with order manager, but with a german invoicing/stock
keeping program. What we basically do, is to check only _quatities_ when the
shipping is received. Onces we have the invoice, the quatities are booked
with the pricing information into the system.

Regards,
Niko

"Larry Bohen" <lbohen@audiobooksonline.com> schrieb im Newsbeitrag
news:b8r79d$co$1@support.shopsite.com...

We are implementing a process to scan (with a handheld WorthData scanner)
all audiobooks when they are received. Order Manager will adjust inventory
amounts when we process orders for shipping. I want the inventory records
to
reflect quantity in/out and cost. The scanner program is setup to accept a
"cost" when items are scanned, however, much of the time, when we receive
a
shipment, all we have is a packing slip without costs stated.

My question is: How do others reflect cost in their inventory records when
you don't have the cost upon initial receipt of the item?

Do you go back, once you have the invoice for each shipment, and manually
adjust the cost in your inventory records?