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  • Subject: Re: Stock Valuation
  • From: KLChilds@xxxxxxx
  • Date: Wed, 17 Nov 1999 13:05:00 EST

Mark,

I would suggest that any of your other costing requirements could be 
performed using additional cost sets in the CMF product.    Though we are a 
manufacturing company and not a stock trading corporation, some of the 
concepts we use may be of use.  We use standard cost set 2 for our "frozen" 
standard and do not change it during the year other than adding new products. 
 We use another cost set for a "flexible" standard and our guideline is that 
is cost is changed +/- 10% we change it in that cost set.  Then we can run 
comparative costings of our inventory.  We wish we could use the actual cost 
set 1, but often an anomaly in a receipt from the shop floor will skew the 
results of this cost set.

HTH

Lynn
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