Update Estimated Material Cost

[About Inventory Valuation Methods and Cost Levels]

[To Inventory Financial Control]

Usage

Use this dialog box to update the estimated material cost for a group of inventory parts at a selected site. All the parameters you enter will be used for the selection of the parts that are to be updated.

To make sure that the correct values are used if the calculations are to be based on latest or average purchase price, the prices should be updated by using the Calculate Purchase Costs dialog box before the estimated material cost is updated. If a price is zero (0) when the calculation is performed, the value of the estimated material cost will not be updated.

Activity Diagrams

Calculate part costs

Activities

Update estimated material cost