✍️Agenda of the Video: To Check & View the "Average Cost Calculation" of every item in D365BC<br />Video Language: Hindi<br />-----------------------------<br />✅Note: Purchase Variance Account = Cost Amount (Actual) - Cost Amount (Expected).<br />Or,<br />Variance = Difference between Actual and Estimated Values (of Direct Expenses).<br />------------------------------<br /> Actual Amount = Invoice/Bill Amount.<br />------------------------------<br />✅ Purchase Variance Account covered under General Posting Setup.<br />-------------<br />✅Hint 1: Read Closing Entries Amount/Values in Collapse/Short Mode.<br />✅Hint 2: This Average Costing is also called Weighted Average Costing.<br />✅Hint 3: If you are using "Standard" Costing Method; then check "Standard Cost" field in item card.<br />✅ Hint 4: If you using Costing Method other than Standard. <br />For Example: In your company, you are using FIFO, or LIFO, or Specific, or Average; then check "Unit Cost" field.<br />✅ Check "Average Cost Calculation Overview"<br />screen/page/window to view Weighted Average Costing.<br />✍️Avg. Cost Calc. Overview, 'or' Average Cost Calculation Overview are the same thing.<br />-------------<br />Watch the same Concept based Video <br />▶️https://youtu.be/FvEAp4lV838<br />------------<br />You may use & run the Batch-Job to update all the item cost (if "Automatic Cost Posting" option is set to NO in Inventory Setup):-<br />(1) Adjust Item Cost/Prices = To Adjust Item Cost.<br />(2) Adjust Cost - Item Entries = To Update Cost Amount (Expected & Actual) over Entries.<br />(3) Cost Posted to G/L✅ = (2)+(3) You may also find the 3rd Option here under 2nd Option, Activate it.<br />Or,<br />Run the Batch-Job, "Post Inventory Cost to G/L", separately.<br />=================================================================================<br />#d365bc #avg_cost_calc #costing_method<br />=================================================================================
