Product costing is the method of tracking and analyzing various expenses accrued within a product's production and sale period.

Let's say you have purchased a product costing 5000 and again purchased the same product with the same quantity costing 4000, so the average price comes down to 4500 per product.

In this option, you can view their average cost price.

You can see the previous stock, New stocks, last costing price, and the average costing price from the PREVIOUS STOCK[1], NEWLY ADDED STOCK[2], LAST COSTING PRICE (UNIT)[3], NEW COSTING PRICE (UNIT)[4] section.