What is gross profit report?
Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
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How does the system calculate costs?
The costing method used by the system is:Moving Weighted Average Cost Method
In order to better understand this cost calculation method, we give an example:
Under the perpetual inventory system, we would determine the average before the sale of units.
Therefore, before the sale of 100 units on 2022-2-28, our average would be:
Before the sale of 70 units on 2022-3-27, our average would be: