How to assign or change the inventory costing method for an item on Sage 300 Inventory Control

Steps:

Note: If you are adding a new item, follow the steps in “Adding Inventory Items Using the Items Wizard” (page 96).
1. Open Inventory Control > I/C Items and Price Lists > Items.
2. Enter or select the item number.
3. On the Items tab, click the Finder beside the Account Set Code field. The Finder displays the account set codes, along with their description, status, and costing method.
4. Select the account set that uses the costing method you want to assign.
5. Click Save.
6. If you are changing the costing method for an existing item:
Warning!
- If you ship units of an item that use the standard costing method and you have not entered a standard cost, Inventory Control calculates the cost of goods sold using a standard cost of zero. Similarly, if you ship units of an item that uses most recent costing and you have not received any stock or entered a most recent cost, Inventory Control calculates the cost of goods sold using a most recent cost of zero.

If necessary, seek the assistance of Acute Data Systems to help provide assistance with this process.