Need the ability to View last PO price while defining standard item cost

Summary:

Hi everyone,

When defining the standard item cost for a buy item, user wants to the last Purchase order price for the item.

Is there any way the last Purchase order price can be seen for the item when defining standard cost for the item? Or similar?

our client needs to update the item cost based in the price line from the last Purchase Order. Refreshing the unit price and the inventory valuation.

Is there any standard process to contain this functionality?

The client will use Standard Cost method

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