Is it possible to have multiple quantity and item cost for same item based on additional attribute?

Our customer procures new and used inventory material which is currently being tracked under the same stock code at different unit price. The logic in legacy system to track on-hand quantity and unit price at warehouse is a combination of stock code(item number) and Status = 'Used' or 'New'. Is there a way to track the same item number based on new and used material separately? Currently we have subinventory and locators for different purposes.. can not be used to distinguish the material