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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / Inventory Valuation Re...
Microsoft Dynamics AX (Archived)

Inventory Valuation Report

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Posted on by Hendo 584

Hi. We are using standard cost for all inventory items and we have been asked if we can create a valuation report by simulating or approximating an average cost or LIFO method.   Before we launch into an internal investigation, is anyone aware of such a report?

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  • Verified answer
    André Arnaud de Calavon Profile Picture
    André Arnaud de Cal... 301,037 Super User 2025 Season 2 on at

    Hi James,

    There is no simulation feature or report for what would the value be when I had chosen another costing model. So this would be a manual task or create a customization.

    Why would you need such a feature? Are there any doubts if Standard cost is the correct method for you?

  • Hendo Profile Picture
    Hendo 584 on at

    Hi. Some in the management team does not subscribe to the use of standard cost and feel that the cost of manufactured items in stock on hand may be artificially inflated by increased and hiding recognition of margin on some costs that are part of the standard cost calculation. It does make some sense to be able to evaluate the difference.  Cheers.

  • Verified answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi James, in this case it seems - as Andre mentioned - that the standard costing model is not the right one for you. Did you have a look at the standard cost variance reports/form to do an analysis of the variances? Another alternative for analyzing the prices & variances can be the inventory value cube that might, however, need some extensions that you have to make. If you have large price fluctuations you might have to consider changing this valuation principle but be aware that this can involve a tremendous amount of work. Best regards, Ludwig

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