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Average Cost / Gross Profit Question
I'm trying to figure out how to track Gross Profit on items that sometimes are special order items that are drop shipped to customers. I'm able to get 50% discounts on these items and would like to track my Actual Gross Profit for these transactions rather than the Gross Profit that would be calculated using Average Cost.
For Example:
First, I've got 3 items in stock with an Average cost of $50 and I sell 1 item for $75, the Gross Profit is $25.
Now I buy one more item for a special price of $20, my Average Cost is reduced to $40.
If I sell this special purchase item for $75, my Gross Profit using Avg Cost is $35 but if I could sell the item for $75 with an actual Cost of $20, my GP on this transaction would be $55.
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