This chapter contains these topics:
To update item costs
Cost updates allow you to update costs for items simultaneously, rather than on a cost-by-cost basis. For example, you can implement a percentage increase in the standard cost for a group of items. If you use the average cost method to determine inventory costs, you can update the average cost for all items.
Cost maintenance procedures allow you to update costs for individual items or for multiple items in the branch/plants, locations, and lots that you choose. You select the cost method to use for updating costs.
The system stores item costs in the Cost Ledger table (F4105). After you update item costs, the system updates the Cost Ledger table. After you update costs for an item's sales/inventory cost method, the system creates general ledger and item ledger records.
Verify the current cost information for items
Verify that you have set up automatic accounting instructions for changes to inventory costs
See Also:
Section 5.3, "Assigning a Cost Method to an Item" for information about assigning an item's sales/inventory cost method
Section 35.1, "Setting Up Automatic Accounting Instructions"for information about specifying the general ledger accounts for changes to inventory costs