The cost set is defined per site. Each site gets default cost sets defined automatically when it is created. When working with cost sets, you can redefine a cost set, create a new cost set, and delete any cost set except cost set 1.
The following restrictions apply to cost set 1:
The above rules and restrictions only apply to cost set 1. All other cost sets and their descriptions may be altered. Cost set 1 holds the standard cost. The standard cost must be calculated in another cost set, since calculations in cost set 1 are not possible. You must copy the desired costs from calculations performed in another cost set via a special copy dialog. Copying cost information into cost set 1 updates the inventory value.
When you create a new site, five different cost sets are defined automatically;
Value | Description |
1 | Inventory value |
2 | Estimated material cost |
3 | Latest purchase price |
4 | Average purchase price |
5 | Planned purchased cost |