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Jan 14, 2021 at 01:21 AM

moving average price components


If i understand correctly, for a new material's moving average price (MAP) is the result of goods receipt against a purchase order to an external vendor. If so, this means the MAP is based on the PO creation default Pricing procedure (RM0000) for the material, which includes non-deductible taxes for our local government organization in Canada. MAP is then used to valuate inventory. Are these statements valid?