Inventory object values
This article provides information about how the values of an inventory object are calculated.
A new functionality that is named physical quantity lets you see the values of a specific inventory object.
A cost object represents the entity level where inventory accounting is performed. For more information about cost objects, see Cost objects.
To see the values of a specific inventory object, click Physical quantity on the Cost object page. Here is how the value of an inventory object is calculated:
Inventory object.Value = Cost object.Average unit cost × Inventory object.Quantity
The following example shows how the values of an inventory object and a cost object are calculated. Two product receipt events are registered on item A:
- Product receipt 1: Quantity = 100 pcs., Amount = $1,000.00, Site = 1, Warehouse =11, Batch No. = B1
- Product receipt 2: Quantity = 50 pcs., Amount = $800.00, Site = 1, Warehouse =11, Batch No. = B2
The following table shows the calculation result for a cost object. You can view the result on the Cost object page.
| Object type | Item number | Site | Quantity | Inventory unit | Value | Average unit cost |
|---|---|---|---|---|---|---|
| Cost object | A | 1 | 150 | Pcs. | $1800.00 |
$12.00 |
The following table shows the calculation result for an inventory object. You can view the result by clicking Physical quantity on the Cost object page.
| Object type | Item number | Site | Warehouse | Batch No. | Quantity | Inventory unit | Value | Average unit cost |
|---|---|---|---|---|---|---|---|---|
| Inventory object | A | 1 | 11 | B1 | 100 | Pcs. | $1200.00 |
$12.00 |
| Inventory object | A | 1 | 11 | B2 | 50 | Pcs. | $600.00 |
$12.00 |
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