Actualizing Standard Cost and Valuation Prices

If the standard costs or valuation prices are actualized, LN:

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

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