Def - Cost - Item Landed

The Item 'Landed Cost' typically refers to the total cost of inventory that includes both the Item’s original purchase price plus any freight, customs, duties, taxes, insurance, labor, handling, etc. However, in NorthScope Landed Cost refers to the additional Landed Cost components that get added to the item’s original purchase price (Item Base Cost). An Item’s Base Cost will always include both the Item Costs plus the Landed Cost components.