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xTuple ERP Reference Guide

  
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11.1.  Item List Price

To create or modify the List Price for an Item, select the "Item List Price" option. The following screen will appear:

Item List Price

Note

List Prices may also be created or modified in the Item master for an Item. Changes made to an Item's List Price in either location will be reflected application-wide.

When creating an Item List Price, you are presented with the following options:

Item Number

Enter the Item Number of the Item you want to create or modify a List Price for.

UOM

Inventory Unit of Measure.

List Price

Enter the List Price for the specified Item.

Price UOM

Displays the Price UOM for the specified Item.

Inv./Price Ratio

Displays the ratio between the Price and Inventory Units of Measure for the specified Item.

Inventory UOM Price

Displays the Inventory Unit of Measure Price for the Item.

Cost

Displays Standard Cost and Actual Cost for the specified Item.

Extended Cost

Displays the extended Standard Cost and extended Actual Cost for the Item. The extended Cost is equal to the List Price multiplied by the Price/Inventory UOM ratio. If the Price/Inv. Ratio = 1, then the Cost and Extended Cost will be the same.

Margin

Displays the profit margin. The margin is determined by the following formula: Price - Cost / Price.