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Former Member
Aug 05, 2008 at 07:33 PM

Updating Standard Cost

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Hi Everyone,

Is there anyway or any reason that the standard cost defined in the Item Master would be updated by the system? I have a customer who claims that the standard cost for one of their items has somehow been changed and they believe the system somehow made this change. The item is set up only as a Purchased Item.

I have gone into the Change Log for the item and printed off the Differences window for him because it appears that he changed it (he had changed the valuation method from Standard to FIFO and back to Standard). He claims that he did not enter the standard cost, however. I have tried to duplicate the changes he made in a Test Database to see if there is anyway to get the system to generate a change in the standard cost, and I haven't been able to do so.

It would be nice if I could send him copies of the Item Master Data - History Instances screens, but unfortunately the history screens show all of the valuation methods as Moving Average even though the Differences screen shows the valuation method going from Moving Average to Standard to FIFO and back to Standard.

Can anybody please either confirm my thoughts on the standard cost or explain how the system is changing the item cost and what method it is using to calculate the new cost?

I appreciate your help in advance.

Thank you,

Amanda