There are three types of Cost Prices

• Avg Purchasing Cost: The cost price worked out over time. Each time you check in an order or complete a stock transfer, this average cost price is recalculated. This average cost price is used for reporting profitability.

• Latest Cost Price: The most recently purchased price from the supplier (the delivered price in the orders). Each time the product is ordered the Latest Cost Price is updated with the new List Cost Price.

• List Cost Price: This gets updated by the IPU File, Product Imports, Advance Search & Product Updates