How does BrighterShop calculate the value of inventory?
BrighterShop automatically calculates the cost value of goods when you mark them as received. You need to enter the wholesale price of each item and any freight and tariff costs applied to the whole shipment. BrighterShop automatically allocates the freight and tariff cost proportionally among goods received within a shipment. BrighterShop also automatically calculates the cost value of merchandise at the time it is sold, applying the FIFO method to any situations in which lots of the same item were acquired at different cost.
