Calculate Latest Purchase Price / Average Purchase Price

Explanation

Use this function to calculate the latest purchase price for a selected part or the average purchase price.

Prerequisites

This activity has the following prerequisites:

• The part must be registered as a purchase part.
• The part must have been purchased.

System Effects

This action will calculate the latest purchase price or the average purchase price.

Window

Calculate Purchase Costs

Related Window Descriptions

Calculate Purchase Costs

Procedure

1. Specify, in the Site field, the site for which you want to calculate the purchase price or the average purchase price. You can click List and select the site from the List of Values or enter the desired site.
2. In the Cost Type list box, select Latest Purch Price, if you want to calculate the Latest purchase price.
3. The Cost Type should be Average Purch Price, if you want to calculate the Average purchase price.
4. Specify the date interval within which you want the system to consider the costs in the From Date and To Date fields.
5. Click OK.