Background

Product cost is a main component to derive your Cost of Goods Sold (COGS). Product cost is reported on the variant level which allows us to report on the customer, order, and product (line-item) levels of analysis.

We recommend inserting landed product cost which represents the blended cost of your product after customers and inbound shipping to your warehouse. This will allow you to understand product gross margins.

Steps

  1. Input your product costs within Shopify Product’s section
    1. Select a specific product
    2. Click on the desired variant
    3. Enter the Cost per item

  1. Please let the SourceMedium team know that you’ve inputted the costs and we’ll enable costs to be picked up automatically moving forward

Additional Information