on 11-08-2006 1:58 AM
I want to create a material master record for a new material. This material needs to be procured i.e. its stock is zero.
So what will be its Moving avg price (if its valuated at MAP) or its Standard price (if its valuated at Std Price) when we are creating the material.
Regards
VS
Hi,
You can maintain the Moving avg price in the material master accounting view against field 'Moving Price', if the stock is zero.
But it gets changed, if the purchase order price is different from the price entered in the material master when there is Goods receipt for that PO.
Once the GR is posted, then in the material master, system will show the total stock and total value in the accounting view apart from the moving average price.
If the material is valuated at standard price, the system will calculate the total cost based on the standard price maintained in the material master irrespecitve of the PO price. (stock x standard price).
Hope this clarifies.
Thanks,
Viswanath
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Hi VS
When your are creating a material master for the first time for a material to be procured, MAP should be set to minimum rate, say 0.01 etc.,.
This will be give a true value of the material after subsequent receipts of the material.
For a procured material MAP is advised rather than Standard price
Prasad
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