Learn how Odoo calculates inventory value using Standard Price, Average Cost (AVCO), and FIFO in manufacturing. This tutorial explains how each costing method works and how it affects your inventory valuation—so you can talk through the right choice with your accountant. 0:00 – Introduction 0:45 – Setting a Costing Method (Standard Price) 2:53 – Average Cost […]
Learn everything you need to grow your business with Odoo, the best open-source management software to run a company, at In this video, learn how about the different ways to value inventory, including through manual vs automated valuation methods and through standard cost, AVCO, and FIFO costing methods. Other lessons related to this video: – […]
In this video, learn how to use the Average Cost costing method through the Manufacturing Application. 0:00 – Introduction 1:13 – Set up work center 3:27 – MO for $80 table 4:14 – Reorder expensive components 6:07 – MO for $110 table 8:44 – Conclusion Other lessons related to this video: Manufacturing in 1 step : […]