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Transfer of costing data in the material master record

Description

In release 3.0 you can transfer data from product costing to the following fields of the material master record:

Inventory costing is used to calculate the values applied for tax-based and commercial stock valuation. In the MM module, the values of material stocks are adjusted according to the recognition-of-loss principle. Inventory costing is carried out on the basis of the new material prices.
In inventory costing, you can also
In release 3.0 you can transfer the results of inventory costing as the tax-based or commercial price in the accounting view of the material master record.
In release 3.0 you can transfer the results of the modified standard cost estimate and of the current cost estimate to the costing details of the material master record.
You can define valuation variants that access planned prices for the following purposes, for example:

Change system parameters in customizing

To be able to transfer inventory costing data to the accounting view of the material master record, you have to choose a costing type that has either the Tax-based price or the Commercial price indicator set for it. You must also make sure that the corresponding cost components are flagged as relevant for the tax inventory or commercial inventory, and that the cost component views for the tax inventory and commercial inventory are correctly defined.

To be able to transfer an adjusted standard cost estimate or a current cost estimate to the costing details, you have to choose a costing type that has the Other (not std price) indicator set for it.

For more information, see the Implementation Guide for Product Cost Accounting.

Changes in procedure

To transfer the results of a cost estimate to the material master record:

1. Choose Logistics -> Production -> Product costing -> Costing -> Update -> Other prices .
2. Enter the following:
3. Specify which field is to be updated (such as tax-based price 1).
4. For the adjusted standard cost estimate or the current cost estimate, you also specify:
5. Choose Execute.