Need to Understand the Implications of changing the Cost method from Standard to Perpetual Average.

Customer Problem Description

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Problem Summary

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Need to Understand the Implications of changing the Cost method from Standard to Average

Problem Description

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Hi Team,

We have a requirement from Customer to change the Costing Method from Standard to Perpetual Average Cost method for MRO items.

For Raw materials, Sub assembly and FG, the cost method continue to be Standard costing.

For MRO items, the item attribute Inventory Asset Value is set as No.

We have already loaded more the 7000 items with standard Cost.

We have done a configuration change.

1) Created new cost Profile with average costing

2) Assign the new cost profile to Expense Cost Profile.