Cost Method

New Kinetic User that hasn’t gone live yet. 2 Questions
This Question is for MRO parts which has QTYBEARING - False and NONSTOCK - true. I setup a Part and Part Plant DMT that our IT person uploaded and received the following error.
PartPlant Msg: In Part Site, the Lot AVG or Lot FIFO Costing method requires Lot Tracking. In Part Site, the Lot AVG or Lot FIFO Costing method requires Lot Tracking.
I used a T in the cost method field for Standard. I changed it to L and the upload when fine but curious why. Would think Standard should have worked, perhaps I should have left it blank or T is invalid.

Question 2 Person brings up requisition entry to order a MRO part. With no history, no price is coming up. Is there a way to get the cost in the system without creating a Pricelist. If price was changed, would have to always update pricelist or would the last price paid come up?

Thanks,
JB

Standard is S. I think you just read the field help wrong. T is average by lot.

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