If the standard cost is changed, you must make sure that an entry is made to a standard cost revaluation account for the value of the changes In the standard cost maintenance window, point to inventory on the cards menu, then point to manufacturing, and then select std cost maintenance There are actually 5 valuation methods in gp, two of which are standard but use lifo or fifo.
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Even while entering in the transactions, the current cost will be listed, but when the entry is posted and printed, the unit cost might be different.
Valuation methods are what determines how the costs of inventory items are calculated
There are several different methods you can use in microsoft dynamics gp. Settings are found on the item purchasing options maintenance window Down at the bottom of the window is the revalue inventory for cost variance checkbox. To help you monitor your inventory and the accuracy of your inventory records, you can use inventory control to complete stock counts, which include both cycle counts and physical inventory counts.
In great plains, the cost posted to general ledger differs among different inventory valuations methods Gp supports the following valuation methods: This article has been provided to address questions about the calculation and maintenance of inventory item costs and how those changes affect your inventory valuation.
