Follow

Consume/Use Fractions Of Parts And Supplies

Overview

In order to consume fractions of Parts and Supplies, some adjustments need to be made to the standard configuration of a Parts and Supplies record.  

1. To start, the name of the Parts and Supplies item must describe the item, indicate the amount, and the unit of measure.

 

2. In the following example, there are 40, 1(L) units of motor oil.  The Quantity on Hand represents how many 1(L) units of motor oil are available to consume.

 

3. The Last Price is the price per unit.

 

 

4. The Last Price was calculated by dividing the Quantity on Hand by the total cost of the item

In this case:

$194.80/40 units

=$4.87 per unit

Was this article helpful?
0 out of 0 found this helpful
Have more questions? Submit a request

Comments

Powered by Zendesk