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The Actual Cost Rate refers to the 'Rate' applied to the Inventory for determining the extended 'Actual Cost' cost. For a single Lot, it is the 'Rate' that is multiplied by the quantity to compute the 'Actual Cost' value of the Lot. For multiple Items and/or Lots it is the calculated value from dividing the sum of the extended 'Actual Costs' by the sum of the quantity. |
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