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Has anyone ever changed their costing method from FIFO to Standard...?
If so would you be willing to share your experience...
We're considering makeing this change for one of our product lines...
Just looking for pitfalls...
Here is our potential plan of attack...:
Check that they have the correct standard costs in cost sets, stockrooms,
and landed cost. Correct if necessary.
Change AFI Rules to be the same as other parts using Standard.
Change Costing Method on Item Master.
Run custom report for Inventory at Standard Cost. Verify correct costs.
Adjust ledger inventories to reports.
After a short period, check that Inventory at Standard Cost and ledger
inventories still agree.
Can anyone think of anything else...
Thanks in advance for your input.
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