Can I revise Part Standard Cost while they are remaining balance Quantity inside.
For those Part without on hand quantity we can directly cost adjustment. What if for those with balance on hand qty?
Please advise us what is the proper way to adjust Part cost and will it/how it effect on finance side COGS etcs.
When a new Cost Adjustment is created for a part with quantity on hand, there are (2) part transactions created. The first with a negative quantity at the old part cost to remove qty from inventory and dollars from financials. The second with a positive quantity at the new part cost to reestablish the inventory and dollars.