iReap Lite POS calculation of Standard Costing Method

Standard Costing is one of the Costing Method (Main Menu | Setting and Parameters | Costing Method | Standard) that can be selected by user in iReap Lite POS application. Other costing method that can be selected to is Moving Average Costing. If user used the Standard Costing Method, the inventory cost will use the Purchase Price that already defined in each Article Master (Main Menu | Master Data | Manage Article | Choose Item | Field Purchase Price).

Here are the example for the Calculation of Standard Costing Method

EXAMPLE 1. Standard Costing Method for Positive Stock

Item : Beras Pandan Wangi 5kg
Beginning Balance :10 Sack @ 20.000
Sales : 3 Sack
urchase : 5 Sack @ 25.000

EXAMPLE 2. Standard Costing Method for Negative Stock

Item :Beras Pandan Wangi 5kg
Beginning Balace :12 Sack @ 25.000
Sales 1 :12 Sack
Sales 2 :5 Sack
Purchase :2 Sack @ 22.000
Sales 3 :1 Sack

You can get the attachment for the calculation of Standard Costing Method by click this link below

iREAP POS : iREAP stand for Integrated Retail Application, is an application designed and developed to help you managed and run store operation, consists of Point of Sale / Cashier system and inventory control system.