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To support the costing method Periodic Weighted Average Costing set up on the POS 1 tab within System Settings, periods can be created by selecting a Period Type (Daily, Weekly or Monthly) along with the Period Interval. For example, if the Period type is Daily and the Period Interval is 1, From Date of 01/07/2013, To Date of 31/07/2013, then the periods are created for each day as shown below:
Figure: Example Periods for COGS Average Calculation
In Schedule Jobs the procedure ‘COGS Periodic Average Calculation’ is used to calculate the COGS Periodic Average.
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