The Material Cost tab provides options to setup pricing methods for an Item.

The way Materials are priced typically is determined by industry practice, however, geographic location or estimator preferences can dictate the pricing method. For example, a tile could be priced by EA piece, by the SF, by the carton, or per 1000 units - it is up to you and your business how you setup pricing. The objective when setting up your Item is to convert the measured quantity (LF, SF, or EA) to something your Supplier works with (be that piece, unit of measure, or container).

The choices that appear in the pull down menu depend on the “Size Method” and “Container” settings on the Sizing tab (see previous articles).

When you update Material Cost, the date is noted in the "Changed" column and displays on the Materials Tab in the "Price Updated" column.

The Sizing Tab: Mixtures

Material Cost Tab - Price by UOM

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