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Review Item Cost Screen

Received Response
edited Apr 2, 2021 7:47AM in Costing 3 comments


Hi Team,

I want to understand how Cost as of Date is derived in Review Item Cost Screen.

Case -

Purchase Order was created on 01/27/2021 and received on same date. The Invoice was created on 03/28/2021 and finally accounted. The costing processes were run and data was transferred from Inventory and payables to Costing on 03/28/2021. As there was variance in Invoice Price and PO Price , acquisition cost adjustment entries were created in cost accounting which changed the average cost of Item. 

The new cost of item is appearing with cost as of Date - 02/09/2021. In review cost accounting distribution screen, 'Acquisition Cost Adjustment' shows costed date as 02/09/2021. 

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