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Passive Costing describes Items with a 'Cost Method' of "Passive" to signify costs for the item are maintained but do not post to the General Ledger. For these Items:

  • Actual, Market, and/or Standard Base Costs are maintained by 'Inventory Lot'
  • Layer Costs may be manually updated
  • Costs are not posted to the General Ledger
  • Perpetual inventory balances will include the costs that have been maintained 
  • The balance in the Inventory Balance Sheet GL account(s) will only match the sum of the Inventory valuation report with a manual journal entry

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