How to Calculate General Unit Landed Cost in Inbound Shipment for Weight

To calculate unit landed cost for each item in an inbound shipment, follow the steps below: Step 1: Determine the Total Weight of Each Item To calculate the total weight of each item, multiply the weight of each item as defined in the item record by the quantity of that item in the inbound shipment.… Continue reading How to Calculate General Unit Landed Cost in Inbound Shipment for Weight

COGS Breakdown with Landed Cost

Scenario 1   The Landed cost amounts associated with an item is added to the actual asset value of an inventory item, allowing you to calculate profitability accurately.  For example, a purchase order has created for an inventory item with amount 5.  The Landed cost is specified in the Item Receipt  The corresponding IR GL… Continue reading COGS Breakdown with Landed Cost