Adding the Standard Cost to a New Item

Updated on Aug 03, 2021

1. Create the new item according to the SOP.

2. Verify the cost for the new item from the purchasing department.

3. Open the Standard Cost Worksheet.

Adding the Standard Cost to a New Item - Read-Only - Word

4. In the name field, select "DERICK."

Adding the Standard Cost to a New Item - Read-Only - Word

5. Add the item number to the list.

Adding the Standard Cost to a New Item - Read-Only - Word

6. Enter the New Standard Cost.

7. Select "Implement Standard Cost Changes."

Adding the Standard Cost to a New Item - Read-Only - Word

8. Set the following fields.

Name is “Last used options and filters”
Posting Date is today's date.
Document Number is the date and your initials.
Item Journal Template is “REVALUATIO”
Item Journal Batch Name is “DERICK”

Adding the Standard Cost to a New Item - Read-Only - Word

9. Select "OK."

Adding the Standard Cost to a New Item - Read-Only - Word

11. Verify on the item card that the cost has been added.

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