Dear Experts,
- We are following the (Make to stock scenario-product cost by production order)
- For Raw materials – we are maintaining price control – V For SFG & FG – maintaining Price control – S
- Overheads we are tracking through activity types.
- We are doing material cost estimate for all the SFG and FG materials.
- We are placing the production orders in different plants.
- We are closing the production orders by following month end activities.
- We can able to track the production order variances material & Order combination.
- Business requirement is closing inventory should be valued at actual prices.
- We suggested them to re-run the material cost estimate after order closing process.
- But It is appears that the material value is at standard price not at actual prices.
Without implementing Material Ledger is there any approach to get the closing inventory should be valued at actual cost…?
Thanks & regards..............
Surya
