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Passive Costing Items are Items where Costs are maintained but they are excluded from the costing journal entries. They are identified as Items with an 'Item Type' of "Inventory" and a 'Costing Method' of "Passive". For these Items:
- Actual and Market Costs can be maintained by 'Inventory Lot'.
- Layer Costs can be manually updated.
- Perpetual inventory balances will include the costs that have been maintained.
- When the transactions post to the General Ledger, these line items will not be evaluated to make any of the additional costing journal entries.
- The balances in the Inventory Balance Sheet GL account(s) will not match the sum of the Inventory value on the Inventory Valuation report unless manual journal entries are made.