Valuation Prices For Standard/Customized/STO items

You can actualize the calculated standard cost and the valuation price as follows:

For standard items in the Calculate Standard Cost (ticpr2210m000) session and the Actualize Standard Cost and Revalue Inventory (ticpr2220m000) session.
For customized items in the Calculate Standard Costs by Project (tipcs3250m000) session.

During the actualization process, the cost component structure (consisting of the aggregated and detailed cost components), the standard cost, and the valuation price are made effective. In other words, the structure and prices are stored for an item for a certain date. After the actualization, the effective cost component structure can be viewed, for example, in the Effective Cost Component Structure by Assembly Line and Item (ticpr3162m000) session.

If an item's cost component structure has changed, or the valuation price or standard cost for an item with the valuation method Standard Cost, Warehousing adjusts the inventory value of a warehouse. The inventory value adjustment processes the actual order price into the inventory value of the items. The value correction is posted to Financials and is stored under a revaluation order code. The revaluation order code is generated automatically and can be viewed in the Item Standard Costs (ticpr3501m000) session. You can use the revaluation code in Warehousing to track the valuation changes.

Note: You cannot actualize costs of a project of the type Budget.