Def - Costing Journal Entries

The Costing Journal Entries refer to the additional journal entries that are made to account for the 'Actual Cost' of Items with a Costing Method of "Active", when any of the scenarios listed below occur.

1. There is a change in the perpetual balance of a Lot containing a non-zero Actual Cost (Adjustment, Production, Receipt, Transfer, or Sales Order Shipment).

2. There is a manual change in the Actual Cost Rate of a Lot.

3. The cost of an AP item is applied to a Lot.