Actualizing Standard Cost and Valuation Prices

Note

You cannot actualize the cost/valuation price for customized or standard to order items.

If the cost/valuation prices are actualized, LN:

  • Revalues inventory on hand
  • Updates the following fields in the Items - Costing (ticpr0107m000) session: Cost Price, Material Costs, Operation Costs, Last Calculation Date.

Use the Archive/Delete Cost Price History (ticpr2230m000) session or select the Delete Cost Price History Data check box in this session to remove the cost price history data. Depending on the Number of Years to Retain Standard Cost Price History field in the Cost Price Calculation Parameters (ticpr0100m000) session, data is deleted during the actualization process.

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