Adjusting Average Costs

Typically, the average cost of a product gets adjusted when a purchase order is received.
However, receiving a  PO will only account for the purchasing costs. A PO does not account for external costs related to the product, such as production costs, molds, artwork, etc.
These costs can be added manually to adjust the average cost of a product.
For example, if there are 100 units in stock at $444 each and an adjustment of 5000 for artwork is added, it will result in an average cost of $494. See below options to distribute or apply to each unit.

This tool adds adjustment amounts, which will then be recalculated for an average cost. To reset an average cost to a specified value, contact SellerCloud Support to prime the average cost.

Adjust Average Cost

  1. Enable client setting Enable Average Cost Adjustments.
  2. On the Product Summary, find the Average Cost field and click the hyperlinked value to open the Average Cost detail. The average cost movement are recorded here.
  3. At the top left enter the adjustment amount. Adjustments can be a positive or negative values.
  4. Adjustment Options:
    • Check Amount is per unit adjustment to apply the adjustment amount to each unit currently in inventory. For example, if you have 100 in stock with Average Cost = 100, and you add adjustment for 10, the result will be Average Cost = 110
    • Leave unchecked to distribute the adjustment amount equally across all current inventory of this product. For example, if you have 100 in stock with Average Cost = 100, and you add adjustment for 10, the result will be Average Cost = 100.10 (10/100 = 0.1)
  5. Enter a reason. e.g. "Artwork".
  6. Press Add Adjustment. The average cost will be recalculated to include the adjustment. The adjustment will be recorded on the grid as Avg_Cost_Adjustment. 

Learn more about recalculating P&L here.

Import Average Costs Adjustments

  1. Enable client setting - Enable Average cost adjustments.
  2. Average cost adjustments can be added to multiple products in bulk through a file import.
  3. Navigate Inventory > Import Product Info > Import Product Average Cost Adjustments.
  4. Download the template. Delete sample data.
  5. Populate column as explained above. Use values TRUE or False in IsAmountPerUnit column.
  6. Save and import file.

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