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Excerpt

The Actual Cost refers to the cost that ties out to the balance in the General Ledger. It's the realized value and is not an estimate.Cost reflects the actual costs incurred for the inventory. For a single Lot it is calculated as [Actual Base Cost Rate] + sum of all the [Actual Cost Layers].

For items configured to their costs to the GL and that are configured with a Costing Method of either "Item - Actual" or "Lot -Actual", this is the cost that posts to the General Ledger.