Review Item Cost Screen
Content
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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