PRICE CHANGE

[former_member715153]

HELLO EXPERTS,

Now I m working in a hosiery company.Company's finish goods's price are changing in every three month or six months.So does it is adviceble to maintain material price as moving average price or standard price?

Again if I change the material price using t.code MR21, than how it effect in accounting and hit the G/L accounts and does it advisable to change the material price frequently (after every three months or six months).

Please give me the information in details.

Good answer is always awarded.

Regards.

Raghu

[former_member715153]

ans

[Former Member]

Hi,

Please ignore change moving average price because due to this it impact inventory value.

Moving average price is change after creation of new good receipt.

And Standard Price is change during Costing run of Finish product

So run costing in duration of one month for each product.

Regards,

Mahesh Wagh

[former_member715153]

hello,

tell me one thing finish good are generally maintain as moving average price or standard price and why???

regards

raghu

[former_member581212]

hi,

Its not advisable to change the material price again and again....but you can do...

Yes you can go MAP....

whenever there will be difference, the g/l account postings will be to stock account, if stock is not available then will be to PRD account,

hope it helps...

Regards

Priyanka.P