The price table in Inventory Accounting contains all prices of the different price types. The price type inventory price has a special meaning in Inventory Accounting:
Price at which a material inventory is valuated during a period.
The inventory price can change during the period, but there is only ever one inventory price for any given financials period:
· Postings in the current period are valuated with the current inventory price.
· Postings in prior periods are valuated with the last valid price of that period.
Materials are valuated with the inventory price using the formula Quantity x Price = Inventory Value.
Depending on the price type, the prices in the price table are based on either the period or a specific date. This difference comes into play when the prices are changed.
The following functions are available for managing prices:
· Displaying the Material Price History
Prices are changed automatically (automatic price determination and automatic price change) or manually:
Once you have activated the Catch Weight solution, price changes are made in the price table of Inventory Accounting rather than in the material master.