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Access this window using one of the following methods:
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Select Inventory Management Utilities menu > Standard Cost Adjustment Selection. In the Standard Cost Adjustment Selection window, click Proceed. A message appears asking if you want to make another selection, click No.
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Use Standard Cost Adjustment Entry to manually enter the new standard cost for each item.
The data entry grid is populated with data depending on how Standard Cost Adjustment Entry is accessed.
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If Standard Cost Adjustment Selection was previously run with either Percentage, Amount, Use Last Cost, or Use Average Cost selected in the Cost Change Method field, then before running the Standard Cost Adjustment Register/Update, you can access Standard Cost Adjustment Entry to view the standard cost items in the grid that meet the selection criteria. For each item displayed, you can view the old standard cost and make changes only to the new standard cost that had been automatically calculated by the selection process.
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If Standard Cost Adjustment Selection was previously run and Select and Manually Enter was selected in the Cost Change Method field, you must then access Standard Cost Adjustment Entry and manually enter the new standard cost for each of the items that appear in the grid by the selection process. For any pre-selected items, the new standard cost is initially displayed as zero, but can be changed.
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You can completely bypass the Standard Cost Adjustment Selection task and use Standard Cost Adjustment Entry instead, directly from the Inventory Management Utilities menu. If you use this process, the program does not automatically calculate the new standard cost or populate the grid with any pre-selected items. You must manually select, one at a time, the standard cost items to be changed and enter the new standard cost for each item.
Note Only one user at a time can access the Standard Cost Adjustment tasks.
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