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Products Cost Calculation

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This question has been flagged
stockproductproductioncostvariants
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CRUDevs

If a company needs to go live at the first of Jan. 2024, taking into consideration that they will use the : Purchase, Inventory and Accounting applications. They won't use the sales since it needs some customization that is not done yet.


For the purchasing, its easy to track the raw material product costs that come from a purchase order and track its average cost. However, this company manufactures shoes and sells them in boxes where each box contain 12 pairs.


The question is, how can I manage the stock and the cost of these finished goods without the usage of the manufacturing application as a first step, and what is the most correct setup I can use to achieve it.


Example : I created a pair of shoes and added its variants : Color Black and White and sizes from : 40 till 45. This will create me : 12 variants. I need a way to have the exact cost and stock each time I sell a customer (Currently we will not use the sales application). We need to make sure also that we are updating the cost and stock of the raw materials being used in the manufacturing (Currently we will not use the manufacturing application as well) and I am not sure if this can be done by moving raw materials from raw material stock to the production location. Then we are going to enter the pair of shoe as a finished product to the stock (How can this be done)??


Note that each pair has a list of variants between color and size.

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Yuksioa
Best Answer

I first determine the most appropriate arrangement I can use to control the stock and cost of these final goods without using the manufacturing program.


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Cybrosys Techno Solutions Pvt.Ltd
Best Answer

Hi,

Odoo 16 has classified Costing method into three types and they are Standard Price, First In First Out (FIFO), and Average cost (AVCO).
Standard Price Costing
Average Costing Method
First In First Out (FIFO)

For more details, refer to the blog:
https://www.cybrosys.com/blog/what-are-the-different-types-of-costing-methods-in-odoo-16

Hope it helps


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What could be the best costing method for a company that manufactures shoes?

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