I'm in need of some help! I have recently taken responsibility of product costing runs and require advice on how best to go about running a costing run in the middle of a period.
The situation is this:
At the beginning of the period i found a material that had incorrectly been priced at 1000x its actual cost (incorrect price per). This lead to a revaluation in stock of a huge amount. I have since reduced the cost of the material back to the correct value and the stock revaluation for the raw material has corrected. However the BOMs in which the material is present are still showing the inflated value.
What would be the best way to pull the corrected material price from the parent plant into all other plants/product BOMs?
Any advice is appreciated! I did try to search for an answer so apologies if this has already been posted.