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Item List Price and Item Cost Difference of business cases

edited Dec 5, 2020 6:16AM in Costing 2 comments

Summary

Item List Price and Item Cost Difference of business cases

Content

Would like to know if I have a finished good purchased item and I define the item with list price USD 10, receive with USD 10, I will assume this will be my Item cost. I am talking in context of Standard Costing. what can be a real business case where I need to change the item cost? appreciate with some real business example.

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