Inventory Control - Cost Change Entry
FunctionUse this task to change the cost of inventory items. You can enter individual or mass cost changes without affecting the current unit costs. Changes you make reside in a data file and do not take effect until you run the Cost Change Register.
=> To access this task... Select Cost Change Entry from the Cost Changes menu.
Note: The cost change tasks can only be accessed when the Inventory Costing Method parameter is set to Standard. If not properly set, the system issues this notice.
To change the costing method from the Inventory Control module, select Maintenance, then Parameters, and then Application Parameters. On the IV Parameters windows, locate the Inventory Costing Method dropdown list and select Standard (S). This action produces the following prompt:
Run Rebuilt Unit Costs utility Cost Change Entry About the Fields
In the Date Effective field...
The Cost Change Valuation Report and Cost Change Register are processed based on this date.
In the Warehouse ID field...
In the Inventory Item ID field...
The description of the item displays when a valid inventory item ID is entered.
In the Standard Cost field... Display only. Shows the current cost of the item.
In the New Cost field...
When finished making entries to the fields…
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