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4 Recovery Processing
If you are using last cost or standard cost for your costing method, the Process Initial Setup
function will compare the Last Purchase dates for the product in this file and in the Products
By Vendor files. If the Products By Vendor date is later, the Last Price on the Products By
Vendor record overrides the entry you make here.
If you are using LIFO or FIFO for your costing method, the Process Initial Setup function
will set this field to the price on the latest Product Purchases record.
Committed
Enter up to 5 digits and 2 decimals for the number of stockkeeping units of the product that
have been committed (sales orders not yet shipped) from this warehouse.
If you want to set this quantity based on open sales orders from the Open Orders file in the
Order Entry application, you can run the Reset Product/Warehouse Quantities function from
the Opening Entries menu.
Online Adj
Enter up to 5 digits and 2 decimals for the number of stockkeeping units of the product that
have been shipped but not invoiced (posted).
Total Cost
Enter up to 7 digits and 2 decimals for the total cost of all product units on hand at this warehouse. The Uncosted quantity is not included.
If you are using average cost for your costing method, you cannot make an entry in this field.
When the Process Initial Setup function is run, the system sets this field to the value given by
this formula:
Total Cost = Cost x (On Hand - Uncosted On Hand)
If you are using standard cost or last cost for your costing method, this field is optional. If
you do not make an entry here, the Process Initial Setup function will set this field to the value
given by the formula above.
If you are using FIFO or LIFO for your costing method, enter the total cost of all products on
hand at this warehouse.
Last Qty Purch
Enter up to 5 digits and 2 decimals for the number of stockkeeping units of the product that
were last purchased for this warehouse.
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Inventory Control System Administration Manual