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You should be able to override cost values on the formulation and process tabs. However, cost overrides are considered a design tool, so the formulation specification has to be in a workflow status with the "designable" tag for this feature to be enabled.
Ingredient costs can also be automatically pulled into the formulation specification using our cost library feature.
Thank you, I had to create a new workflow and add Designable tag in the first step. Agile for Process v 6.1 comes with a general wfw that doesn't contain the Designable tag.