Skip to Content
avatar image
Former Member

Upload Initial inventory balance in previous month

Dear Experts,

We are having situation where my standard price is Zero in previous month(Dec), and we change the month in mmpv for january.  Now we want to upload the inventory in previous month and want to release the price for january by using standard cost estimate.  If i upload in the price in previouse month then price change document will posted in previous and current month whichll will impact in releasing the standard cost estimate.  Kindly guide us to upload the inventory in previous month before we release the cost estimate for current month.  Thanks.

Regards,

SK

Add comment
10|10000 characters needed characters exceeded

  • Get RSS Feed

2 Answers

  • avatar image
    Former Member
    Jan 06, 2015 at 03:52 AM

    Hi

    1. You upload inventory in end  date of previous month with price which will come as opening inventory in current month.

    2. Release standard cost effect from day one of current month and start material movement

       For any other query revert back

    Add comment
    10|10000 characters needed characters exceeded

  • Jan 06, 2015 at 07:12 AM

    Hi Samiullah,

    If we upload the balance in previous month and the material price is 0, then your stock value is 0. If you run cost estimation for Jan month, then your stock will get revaluated with the new price.

    However, If you do not want to post the stock value in Jan month, then first you have maintain the price by MR21 for the Dec month and upload the balance. After that you run cost estimation for Jan month, then any price variance happened with costing, then it will valuate the inventory accordingly in Jan month.

    Regards,

    Mukthar

    Add comment
    10|10000 characters needed characters exceeded