(Cost Type) Actual/Standard

On the Items form, the cost type you entered as a default on the Inventory Parameters form displays. If you want to override the default for the current item only, select Actual to use one of the four Actual costing methods or Standard to use one of the five Standard costing methods. When you change the cost type, the system converts the cost of the item to match the new type for the item. This may generate journal transactions.

On the Item Costs form, select Standard if the item is using Standard costing or Actual if the item is using Actual costing.

See About Updating Costs for more information.