Inventory Control provides several costing methods for valuing inventory and determining the cost of goods sold.
When you set up an account set, you specify the costing method to use for valuing all items that are assigned to that account set. When you set up an item, you select an account set for the item.
Inventory Control values your inventory and determines the cost of goods sold by location. If you store the same inventory item at more than one location, the program tracks and costs the item at each location (rather than costing all the items together).