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Working with a client and they do something they call “cost roll-up”, from their SAP days. They use standard cost, and they basically want to re-cost their inventory, and they want to exclude the WIP when they do this. They are updating inventory cost during year-end-closing. In fact, they would like to do this more frequently, e.g., quarterly, even monthly. When doing so it ends up updating the WIP, including any that is finished but not yet ended. This acts to overstate the cost of all orders. Looking for a way to not revalue the WIP. Is there is a way to go around the WIP in the revaluation calculation? Both looking for a way to help client to close FY22 but to move ahead into FY23 using best practices and cleaned up configuration.
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