How do I revalue inventory for change in cost?

26
Jul/090

How do I revalue inventory for change in cost?

BOM exists for manufactured Portland cement, backflusing relieves inventory per this BOM, however, old cost still appears as valuation for this product. I did a cost estimate for this product (2000000004), marked, and released this product. Effective date of this BOM was 07/01/2009.

The solution is:

Once after taking a new released cost estimate for a product, it’s stock gets automatically revaluated as per the new price or say new value.

Can you please confirm whether in the accounting view of the material master you are able to see the last price change date is same as your cost estimate date.

Only then it means the new price was marked and stamped properly and based on the new standard price the stock get’s valuated automatically.

There is no other transaction required for this process.