By ChristineS-Oracle on Apr 02, 2015
We are extremely pleased to announce the Data Collection Scripts and Process Flow for Periodic Average Costing (PAC IPAC) – Cost Management (Doc ID 1928724.1) has been released.
Customers will find relevant information related to Periodic Average Costing processes.
Periodic Average Costing is an option that enables customers to value inventory on a periodic basis. Periodic Average Costing is relevant for customers with fiscal inventory reporting requirement as it is invoice-based and allows you to include additional invoiced charges in the cost of the item.
Periodic Average Costing is also used by customers who want invoice-price based valuation of their inventory to set standards or to update their perpetual costs. An approach to inventory valuation in which variable costs and a portion of fixed costs are assigned to each unit of production.