Stock Valuation@Standard price

[former_member216878]

Hi All,

My query is I want to do stock valuation as closing stock* std price of next month(as on last day of previous month).

Let me explain the above by taking example:

Suppose on 1st Aug we release standard price for a material i.e rs 100 and the stock quantity is 50 units, then the stock valuation will be rs 50000 on 1st Aug.

Now on 31st Aug we will do period end closing(ML is not activated) and on 1st Sept again we will release standard price i.e rs 105 and stock quantity is 25 units so stock valuation will be rs 2625 on 1st Sept.

How can I achieve the stock valuation on 31st Aug as 25 units*rs105=2625 on 31st Aug.

Regards

Nitu

[kamalkumar_biswas2]

Hi Nitisha

  In standard system not possible because standard cost is valid for a period that is 1st day to last day of the month.  You can't get 2 standard cost for a single period. 

  I am also surprised to know the requirement also because stock to be valuated in same standard cost throughout the period at same price/cost.

  reversing the cost estimation is also not advisable in my opinion because of many reasons...

Kamal

[muhammadusman_raza]

Dear Nitisha

Reverse the cost estimate from CKR1 and use MR21 to revalue price from 100 to 105.

Regards

Usman