Cost Groups

What is the significance of Cost groups, how can these be utilized
Hi

Cost groups are used in the Oracle Inventory, Warehouse Management (WMS), and Project Manufacturing modules.  When you setup an inventory organization, Oracle will assign a default cost group to your organization.  This cost group holds the inventory valuation accounts and for actual costing methods (like average, FIFO, and LIFO) holds the items cost.  When an item is transacted in the Inventory module, Oracle looks to this cost group to determine the accounting and cost.  To enable more than one cost group per inventory organization, you need to use either the Warehouse Management (WMS) module or the Project Manufacturing module.  These