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Standard costing - cost roll ups & revaluing
Good morning (from a NEW Netsuite user),
I am seeking some help regarding standard costing, and more specifically processing a cost roll up and revlauation of these items.
Scenario
Inventory item A costs £20
Inventory item B costs £10
Inventory item C costs £5
Assembly item G consists of one item A and one item B, therefore costs £30
Assembly item H consists of one item B and one item C, therefore costs £15
I have updated the standard costs on the item set up screen for the three inventory items, and have then set up a standard cost version.
When I complete the standard cost roll up (LISTS-ACCOUNTING-STANDARD COST ROLL UP) I choose the relevant standard cost version and tick the "update inventory cost" box.
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