Understanding Product Costing Features

You can use product costing features to work with costing information. These features enable you to update or reset costs to manage fluctuations in the manufacturing environment. The features that are available offer these options:

• You can copy costs for an item from one cost method to another.

• You can reset simulated costs to their frozen values.

• You can update the costs in the sales orders with the most current cost values.

• You can update costs for an item globally, using an amount or a percentage change.

• You can update item cost levels.

• You can run a batch program to revalue work in process inventory for standard and for actual costing.

• You can set up and apply extra costs to the parent item during the actual costing process.