Cost Management - EBS (MOSC)

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New Data Collection Scripts and Process Flow for Periodic Average Costing

edited Apr 18, 2016 11:40AM in Cost Management - EBS (MOSC) 1 comment

We are extremely pleased to announce the Data Collection Scripts and Process Flow for Periodic Average Costing (PAC IPAC) – Cost Management (Doc ID 1928724.1) has been released. 

Periodic Average Costing is an option that enables customers to value inventory on a periodic basis.

Periodic Costing is relevant for customers with fiscal inventory reporting requirement as it is invoice-based and allows you to include additional invoiced charges in the cost of the item. 

Periodic Costing is also used by customers who want invoice-price based valuation of their inventory to set standards or to update their perpetual costs.

An approach to inventory valuation in which variable costs and a portion of fixed costs are assigned to each unit of production.

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