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33. Costing Methods

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Costing Methods

Costing Methods- Has the different costing systems within the ERP been explained?

Your Average Cost is the cost of the product averaged by your different supplier costs (if applicable).

Your Landed Cost is the total amount including any shipping/freight charges.

Your Manufactured Cost is the cost it takes to manufacture your product.

Your Last Cost is the most recent cost you bought your product for (it has no other calculations factored into the total amount).