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The Actual Cost reflects the costs paid to purchase the product, or the costs that were incurred to make the product. For 'Inventory' Items configured with 'Costs Post to the GL', this is the cost that posts to the General Ledger if the Inventory Preference of 'What Costs Post to the GL' = "Actual". For each individual LotSK, this is calculated as the [Actual Base Cost Rate] + sum of all the [Actual Cost Layer Rates]. Actual Costs are typically managed in companies where the balance in the Inventory Balance Sheet GL account(s) reflect the actual cost (as opposed to a standard amount). |
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