Note: The term "Inventory Value" refers to the dollar amount that a unit of a Master SKU is worth. Inventory Value is later recorded as "COGS" upon an order's shipment.

Inventory Value (IV) operates on a default basis. Skubana will refer to each option in this default order to determine IV. The default order is as follows:

  1. First In, First Out (FIFO) Landed Cost value for units received via a Purchase Order.

Note: The Landed Cost used for Inventory Value will incorporate any Aggregate Costs for the PO divided amongst the Total Units Ordered. Aggregate Costs do not include the automatically shown "Item Cost" amount, only any additional costs added. So in the example below, "PO Aggregate Costs" would be $75.

2. The Default Vendor Product's "Cost"

3. Skubana looks for Vendor Cost in the product.

4. If Skubana cannot find any of the above for the product, IV and later COGS will be 0.

For instructions on how you can edit your IV queue, see this article on the Inventory Reconciliation feature.

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