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Standard Costing

ashleyashley Member Posts: 12
Dear All,

Anyway to find out how does Inventory Valuation Report calculates the value?

This is because i have an item (with standard costing) method with initial standard cost of $2.00 (for instant) and later on i amended the standard cost to $4.00. I am expecting this item price to follow the latest standard cost but it seems like both standard costs included.

How to get what i mentioned above?
I created a new item (costing method: standard) and post it in item journal then create a sales order, preview at inventory valuation report. After that, i amend the standard cost in the item card and create another sales order then preview in inventory valuation report.

Thanks in advance for reading my post :)

Answers

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    ara3nara3n Member Posts: 9,256
    If you want to update historical transactions, you have to revalue the historical transaction. Otherwise they will stay at their historical std cost value.
    Ahmed Rashed Amini
    Independent Consultant/Developer


    blog: https://dynamicsuser.net/nav/b/ara3n
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    ashleyashley Member Posts: 12
    Dear ara3n,

    Thank you so much for the reply and your information is helpful.

    Yes, i am on my way to revaluation the transactions :D

    With reference to my another post, i found that i could utilize the batch job to change the standard cost :)
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