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The supplier's price is only part of what stock costs you. Transport, duty, clearing and bank fees can add a large share on top, and your prices need to cover it.
Add up all the extra charges for a shipment, then share them across the lines: by value (each line pays in proportion to what it cost) or by quantity (each unit pays the same). Landed unit cost = (line cost + its share of charges) / units.
Example: 10 units of A and 30 units of B, both at 10 each, with 100 of charges. Goods cost 400, so A carries 100 x 100 / 400 = 25 of the charges and lands at (100 + 25) / 10 = 12.50 a unit. The whole shipment lands at 500.
Work out landed cost for:
Record the cost per unit on each Up Stock purchase order, and the profit report uses it, oldest stock first, for every sale.
Everything you pay to get goods onto your shelf: purchase price, freight, insurance, customs duty, clearing and port fees, bank and transfer charges, and local transport.
By value when items differ a lot in price, so cheap items do not carry the cost of expensive ones. By quantity when items are similar in size and price, or when freight is charged per unit.
Not if you can reclaim it. Leave out any tax you get back and include any you cannot.
Pricing on the supplier's price alone hides costs, so your real margin is lower than you think. Price from landed cost instead.
Your price from cost, target margin and tax
Cost, price, markup and margin from any two
Cost of goods sold and stock value, two methods side by side