Inventory Cost Manager - Costing Sample
Assembly of 3 chairs							Labor	O/H
						Cost of	Applied	Applied
			Item	Inventory		Goods	To	to
			Type	Qty	Amount	Sold	Inventory	Inventory
Record Sales Receipt
	pHickory Chairs		Group
		Chair Backs	Inv	(3)	(30)	30
		Chair Seats	Inv	(3)	(36)	36
		Chair Legs	Inv	(12)	(48)	48
		Labor hours	Non-inv	(0.9)
		Overhead	Non-inv	(0.9)
		Total			(114)	114
When the Sales Receipt is recorded in QuickBooks, cost is moved from
	inventory to the COGS account designated in each inventory item.
Cost is calculated based on each inventory items average cost.
QuickBooks doesn't make any adjustments for non-inventory items.
Inventory Cost Manager Adjustments
	Material Cost				114	(114)
	Labor hours				9		(9)
	Overhead				13			(13)
		Hickory Chairs	Inv	3	136	(114)	(9)	(13)
When the Inventory Cost Manager "adjustment" is imported, all material
cost relieved by QuickBooks plus appplicable labor, overhead and other
cost is added back to inventory under the name of the completed part.
The amount added to inventory is credited to the account listed in each
	non-inventory items "Income Account" field.
Labor, overhead and other cost are computed as follows:
					Units For	Total		Amount
					One	Units for	Rate from	Added
					Completed	Three	Item	To
Item					Part	Parts	Record	Inventory
Labor hours					0.3	0.9	10.25	9
Overhead					0.3	0.9	13.00	13
The units for one completed part is maintained in the Group item (BOM).
The total units is automatically calculated by QuickBooks on the face of the
Sales Receipt (parts list) based on the Group quantity.
The rate is maintained in the Non-inventory Items "Cost" field.
The amount added to inventory is calculated by the Inventory Cost Manager.