Change posted document standard cost and GL adjustment

kiyac

Version : NAV2009SP1
Setting : Costing Method = Standard
Issue : Incorrect standard cost set in item card, and many purchases, shipments, transfers had been done for almost 1 month, which means incorrect amount in inventory, purchase variance, COGS had been booked, and the variance entry in item ledger entries are incorrect.

May I know, how can I adjust to correct standard cost for the posted transactions, and all related subledgers (e.g. item ledger entry, value entries, ....)????

David_Singleton

Can't you just post a revaluation journal?

ara3n

You can use std cost worksheet and get the cost fixed on item. It will also create reevaluation journal entries for existing entries.
U don't remember if also creates them for closed entries.