Actual Costing
My client is a commodity-based company. Eighty (80) percent of all of their products is the same commodity. This commodity fluctuates in cost greatly on a monthly basis. The product has a long "in-cure" period. In other words, it remains in inventory for almost a year in most cases before it is suitable for sale. I am considering using actual costing as opposed to standard costing. I would appreciate any advice / hints/ tips / warnings related to actual (09) costing. It appears to be the most logical solution but several people have suggested that 09 costing is very difficult and
0