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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Unit Cost Default
Microsoft Dynamics GP (Archived)

Unit Cost Default

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Posted on by Community Member

Is there a way to change the default unit cost for Purchase Orders to Standard Cost? I tried going to Purchase Order Processing Setup, Requisitions, and selecting Item Standard Cost for Cost Selection but it is not working.

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  • Suggested answer
    R_Is Profile Picture
    R_Is on at

    Hello,

    The Valuation Method is set at the item level during item creation. A Standard Cost Valuation Method would be either LIFO or FIFO Periodic in GP.

    You will likely want to review this with your finance/accounting team before you make changes to how inventory (including WIP - work in process) is valued, however. Making changes will affect the costs/value of your inventory.

    Hope this helps.

  • Community Member Profile Picture
    Community Member on at

    Thank you for your suggestion but I don't think this is the answer. When I create a purchase order, I just want the unit cost to pull the Standard Cost from Item Maintenance. Right now it is pulling the Current Cost instead.

  • Suggested answer
    R_Is Profile Picture
    R_Is on at

    Hello,

    Have you changed the Valuation method for the Item to one of the Periodic methods? You would do this (for an existing item) through the Change Valuation utility. Have you performed the Roll-up and Re-valuation process for the item? This is what would change the standard cost. If you'd like to provide some screen prints, it may help clarify.

    There is a bit to it and recommend reviewing with your finance team and perhaps even your GP partner.

    StdCost_5F00_Dyanmics_5F00_Community_5F00_Forum.png

  • Suggested answer
    L Vail Profile Picture
    L Vail 65,271 on at

    Hi,

    I believe there is a way to modify the system to get it to use the Standard Cost instead of the Current Cost using the Professional Services Tools Library (PSTL) option: POP Cost Defaulter

    You can choose to use the Current Cost or the Standard cost.

    Kind regards,

    Leslie

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