Price Update in the Material Master 
Price Update in the Material Master
Use
One important function of the product costing is the determination of a Standard price for the material valuation. Therefore you can release the results of the product costing and automatically enter it in the material master as new Standard price.
Features
Costings of a split valuated AFS product can be saved, marked and released at valuation type level. Besides the Standard price of the accounting views you can update the planned price fields 1, 2 and 3 with the results of the AFS costing. For this you can use the corresponding R/3 Standard functions.
In the AFS material master there exist accounting views at valuation type level for the SKU-dependent price information (compare
Accounting data of the Valuation Types). Additionally all planned price fields of the costing view are available at valuation type level as well. You can reach the planned price fields of the costing view with the button product costing in the respective accounting view at valuation type level.
Price fields in the material master