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<< Click to Display Table of Contents >> UT-K-F Set Avg and Last Cost to Std Cost |
  
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<< Click to Display Table of Contents >> UT-K-F Set Avg and Last Cost to Std Cost |
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UT-K-F Set Avg and Last Cost to Std Cost
Purpose of Program
Use this program to replace the Average Cost and Last Cost with the Standard Cost on a range of inventory items.
Generally this program is only used when the Average Cost and Last Cost values are meaningless or inaccurate. This can occur during the system startup period when transactions are made before costs have been established or accumulated up through the product structures, or when poor manufacturing controls (negative on-hands, incomplete work order costing) has resulted in badly skewed average costs. The Standard Cost represents a "best guess" cost that provides a good starting cost for these two cost fields. It is also called by IN-L-I Change Costing Method to revalue inventory when changing from Average, LIFO or FIFO to Standard Costing method.
General Program Operation
MAKE A BACKUP FIRST. This is a utility program that will affect many data records. With a backup you can always restore the data if for any reason the program does not produce the desired results.
GET EVERYONE OFF THE SYSTEM: Get all users off the system before running this program.
You can limit processing to a range of inventory items by entering a from/thru range of Item numbers and Item classes. You can also limit processing to selected inventory Type codes. Once you have made your selections you will be asked to confirm that you want to begin processing.