Common Elements Used in Average and Actual Costing

Field or Control	Description
Book Name	The name of the cost book. Books identify the type of accounting records that are to be maintained, such as tax, managerial, or financial books. A book contains a set of accounting entries that are posted to the general ledger.
Cost Element	A code that is used to categorize the different components of an item's cost and also to define the debit and credit ChartFields for accounting entries.
Lower Level Costs	Costs that are associated with the components that are used on the assembly.
Reason Code	Categorizes why the adjustment occurred and can be used later for analysis. The reason type limits the selection to the appropriate reason codes for adjustments.
Source Code	Identifies an item as make, buy, floor stock, expense, or planning. This determines how the item is used for the Cost Rollup process and Update Production process (CEREVAL, SFPREVAL, CES5001).
Std UOM (standard unit of measure)	The standard unit of measure for this item established on the Item Definition - General: Common page.
This Level Costs	Costs that are associated with procuring distribution items.