Hi All,
Below are my queries:
1. What will be the impact on standard cost of Finished material if change of mov avg price in between of the month for Raw materials. Can we recalculate standard cost of material any time between the period once it is released on 1st day of the month.
2. Inventory valuation at the period end but with next month std price. For example in the beginning of Nov month standard cost of a material is Rs 10 and stock qty is 100 then inventory valuation will be rs 1000,when we release std cost for next month on 1st Dec let say Rs 12 and stock is same 100 qty then inventory valuation will be Rs 1200 as on 1st dec but is there any way we can reevaluate inventory of 100 qty with rs 12 on 31st Nov.
Please provide some clarity on above two points.
Regards
Nitisha