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15 changes: 13 additions & 2 deletions modules/logistics/concepts/goods-cost/costing-methods.md
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# Costing methods

The costing methods are used to determine the exact cost price of products, which is essential for:

- Pricing: Knowing the cost price helps companies set competitive and profitable prices for their products.

- Cost control: By analyzing the cost price, companies can identify and reduce unnecessary expenses.

- Planning and budgeting: Accurate cost price is the basis for effective financial planning and budgeting.

and others.


In @@name, costing methods can be configured both globally at the Enterprise Company level and individually for each product. The application priorities are as follows:
• If a method is specified in both the Product definition and the Enterprise Company definition, the one from the Product is with higher priority;
• If no method is specified in the Product definition, the one from the Enterprise Company is used. Since the costing method is a mandatory field for the Enterprise Company, it will always have a defined value.
- If a method is specified in both the Product definition and the Enterprise Company definition, the one from the Product is with higher priority;
- If no method is specified in the Product definition, the one from the Enterprise Company is used. Since the costing method is a mandatory field for the Enterprise Company, it will always have a defined value.

*Regardless of where the method is specified, the cost price is calculated in the same way.

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