Item Standard Cost will be usually  updated using: "Update Standard Cost" from Cost Management

Whenever "Update Standard Cost" is executed with proper parameters like( Cost Type,Adjustment Account,Item Range,  Sort Option, Update Option) it  creates adjustment reports automatically if any (you can find in view-->requests after executing Update Standard Cost Program)

Inventory Vale Report,

Intransit Value Report and

WIP Value Report

But please perform in Test environment and note the Adjustment value's before implementing in PROD

Thanks,

As per your query, I believe you are following average costing. In avarege costing, transaction get coseted serially. If you update the cost in back date,  the transaction which did happen after that date already got costed, hence that does not get recalculated.

Hi,

The documents section of the Community is for articles/scripts/solutions in order to share knowledge or content in the community.

Please post your issue/question in the Discussions area of the Inventory Management Community where you will get a better response.

I will leave this up until the end of the week, 01-May-09 and delete it after that.

Thanks,

Lisa

 

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