Costing

Kinetic ERP
1

The company I am working with is experiencing frequent cost fluctuations in raw material supply.(as most industries are). I was wondering if there are any good resources available to help with changing from Standard to a different costing method for raw materials and Finished Goods and how that will impact the GL.

Looking for Pros and Cons of how Epicor handles the different costing methods.

Thanks in advance

2

I have worked with Average, Lot Costing and FIFO costing

The technical guides on job costing may help.

From my experience, I would consider average costing for the manufactured products and lot costing for the material.
FIFO can be difficult to manage when you have issues with material movements and adjustments.

Hope this helps.