FIFO Inventory costing

fpieplow · ‎April 22, 2020

If we get a high volume order of an inventoried item with special pricing to us from the vendor, can it be treated differently that the other items so that the FIFO costing does not get affected? Will using a Job for this order accomplish that?

Example: We buy 10,000 a month of an item at $5 and usually keep about 8,000 on hand. We get an order for 100,000 units that we can buy for $4. I would like that special price to only be associated with the one, large order and not mess up the inventory value.

Thanks for your help.

MaryLurleenM · ‎April 22, 2020

Hello there, fpieplow,

Due to the FIFO method you're using, you'll want to create a new item for this.

Here's how:

From the Lists menu, select Item List.
On the Item List window, select Item then New.
Select the type of item you want to create.
Fill in the item fields.
Save the item.

Check out these articles for reference:

Stay in touch with me if you need further assistance.

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