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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / Standard Cost Always f...
Small and medium business | Business Central, N...
Answered

Standard Cost Always for Manufacturing?

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Posted on by JE-20081519-0 2,500
Hi:
 
Is it a requirement to have Standard Cost, as the inventory valuation method in a Business Central manufacturing (Production) environment?
 
Thanks!
 
John
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Dynamics 365 Business Central
I have the same question (0)
  • Verified answer
    Khushbu Rajvi. Profile Picture
    Khushbu Rajvi. 18,797 Super User 2025 Season 2 on at
    Standard Cost Always for Manufacturing?
    Standard Cost is not a mandatory requirement for manufacturing. While Standard Cost is the most commonly used method in manufacturing environments due to its ability to handle cost variances efficiently, you can choose other valuation methods (FIFO, LIFO, Average, or Specific) if they align better with your business processes.
  • Suggested answer
    Vahid Ghafarpour Profile Picture
    Vahid Ghafarpour 11,928 Super User 2025 Season 2 on at
    Standard Cost Always for Manufacturing?
    Depend on your business needs and preferences, you can use your method. Dynamics 365 Business Central supports multiple inventory valuation methods, including FIFO (First In, First Out), Average Cost, and Standard Cost.
     

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