The Inventory Class Screen allows you to set-up different classifications groups for your inventory based on unique characteristics.
You can set-up a new inventory class by clicking Add New IC
Class ID: This is a unique class identification number
Description: This is the class name
Default: Describes whether this is a default class or not
Inventory unit: This is the unit of measure for the inventory group
Price: This is the class prices
COGS Acct: This is the cost of goods account number