- Support forum for the Cost of Goods Sold (COGS): Cost & Profit Calculator for WooCommerce.
- December 6, 2022 at 4:48 pm #103506
1. I need to assign a new COGS to a new lot of the same product, without affecting previous sales. i have seen the documentation and followed the steps but do not see the option of adding a new cost for new lot.
2. when trying to add the cost of a payment gateway, the save changes button is dead. not responsive. please advise.December 7, 2022 at 10:49 am #103548
Thanks for reaching out.
> “i have seen the documentation and followed the steps but do not see the option of adding a new cost for new lot.”
To add a cost for the product, please go to Edit Product > Product data > General section. There, you can add the cost of the product in the Cost field. You can also add the cost of the products from Tools > Bulk Edit Costs section.
> “when trying to add the cost of a payment gateway, the save changes button is dead. not responsive.”
I couldn’t reproduce the issue on our end. Please ensure that you are using the latest versions of the WordPress (6.1.1) and WooCommerce (7.1.0) plugin.
MoshtafizurDecember 7, 2022 at 8:58 pm #103608
1. This did not answer my question. I already know how to add the cost to a product. I want to add a cost of a diferent lot, without altering previous orders.
Peanut Butter cost lot A: $3.11
Peanut Butter cost lot B: $3.43
Sales of lot A would use a profit margin according to cost of lot A. Sales of lot B would use the profit margin of cost of lot B.
Because if I simply change the cost of my product with the new lot cost, then all retroactive sales will be modified and it will calculate profit incorrectly. please advise.
2.system is up to date, and woo + wordpress. Button is dead, look here
https://www.loom.com/share/382217b93cff4a31a354c1bf13cec200December 8, 2022 at 9:04 am #103617
Thanks for providing more details.
You can set the plugin to use the average cost of the inventory.
In order to do this, you have to navigate to WooCommerce > Settings > Cost of Goods > Products > Add stock and enable Add stock > Add “Cost of Goods: Add stock” meta box to the product edit page.
After activating it, a new meta box with two new fields: Stock and Cost, as well as a cost History drop-down, will appear on the admin product page. Based on the updated Stock and Cost values you input, this will automatically calculate the new average cost of goods for the product. Stock will be added to your inventory, and Cost will be used to calculate the product’s new average cost of goods.
Before entering the values, you’ll have to enable Enable stock management at product level.
You can set the formula for average cost calculation in Products > Add stock > Cost calculation expression. By default, it is:
( %stock_prev% * %cost_prev% + %stock% * %cost% ) / %stock_now%
Regarding the second issue, I couldn’t reproduce the issue on our end. Would it be possible for you to share your WordPress dashboard access so that we can check it for you? Then please send us your login credentials to [email protected].
MoshtafizurDecember 8, 2022 at 9:50 pm #103678
sentDecember 8, 2022 at 10:02 pm #103679
when i add a stock with new cost, i also must enter the stock quantity.
is it possible to add a new stock cost, without adding quantity? my hope is this will change the stock cost from that date forward, and previous stick will remain previous price (?)December 11, 2022 at 5:41 pm #103830
hello???December 13, 2022 at 6:54 pm #103935
Sorry for the late reply.
The profit report will not be changed if the cost of the item is changed. Even after changing the cost, the order’s profit report will remain the same.
If you have any questions, then please let us know.
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