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The Actual Cost reflects the costs cost that will post to the General Ledger. For some items this may be set from a default or "standard" cost rate and for other items this may reflect that actual amount paid to purchase the product, or the costs that were incurred to make produce the product. 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). |