AICE required for Serialized item

asking

Is there any need of running Adjust Cost for Serialized Items ? :-k My costing method is specific. As for some items in item ledger entry table i have Applied Entry to Adjust checked even for the ones which are not open anymore. My database version is 5.0 not SP1.

ara3n

Yes you need to run adjust cost.

asking

Reason :?: As we know that if costing method is serialized then what come in exactly goes out at the same cost. I have an issue in which there is cost difference but no Item Charges or Revaluation has been done. That is why i wondered that i am correct in thinking or not.

Can you explain me when and how this can happen :?:

chengalasettyvsrao

asking wrote:

Can you explain me when and how this can happen :?:

Consider this example whether you use serial or not

U created a Purchase order on 02/02/02 qty = 10 Unit cost = 10 Total value = 100

Receipt : 09/02/02 receive the material , then system updates Total value in Cost amount (Expected) / serial No = Abc001 in item ledger entry

U created the sales order on 15/02/02 qty = 10 Unit cost = 20 Total value = 200

Ship & Invoice : qty = 10 , serial No = Abc 001. on 15/02/02.

Then system update the Item ledger entries with these values :

Entry Type = sale
Cost amount (Actaul) = -100 ,
sales amount ( actual) = 200.

But u created the Purchase invoice on against that serial Number ABC001. With unit cost = 15 , total amount = 150.on 18/02/02.

So Now when u run the AICE batch Job then system adjust the cost to that sale entry.

Entry Type = sale
Cost amount (Actaul) = -150 ,
sales amount ( actual) = 200.

matttrax

To sum that up:

You can receive an item and sell it before you've invoiced the purchase. The cost may have changed during that time so adjust cost must be run.

I asked the same thing not too long ago and what finally made it click for me was what, I think David Singleton said: Specific costing is just FIFO limited to one item.

kapil4dynamics

asking wrote:

Is there any need of running Adjust Cost for Serialized Items ? :-k My costing method is specific. As for some items in item ledger entry table i have Applied Entry to Adjust checked even for the ones which are not open anymore. My database version is 5.0 not SP1.

An Addition: If u have "Never" selected as an option in "Automatic Cost Adjustment" then it will be checked by the time you do not Adjust Cost.. .

ameen

kapil4dynamics wrote:

An Addition: If u have "Never" selected as an option in "Automatic Cost Adjustment" then it will be checked by the time you do not Adjust Cost.. .

Hi Kapil,


Can i know what is this statement meaning ?

can u elaborate ?


Thanks