Use this form to update the bill unit cost for each component line in bills of the parent items selected, and recalculate the total estimated cost for the parent items selected. The cost that updates to the bill when the process runs is the current cost of the component item, displayed on the Inventory Item Cost Maintenance form. The cost used depends on the Costing method that is assigned to the bill.
For example, if the bill costing method is average cost, then the current average cost updates to the bill. If the bill costing method is standard cost, the current standard cost is updated.
If you select the Update the parent item cost option, Greentree Desktop updates the calculated cost of the parent item to the Inventory Item Cost Maintenance form for the selected costing methods. Cost adjustment transactions are also generated.
Enter a parent item code, or a range of codes, and select Update parent item cost to perform this in addition to component updates.
Note: If the parent item has a batch size is not equal to 1 and the Update parent item cost option is selected, Greentree Desktop calculates the Total estimated batch cost, based on bill of material component quantities, and then divides that cost by the batch size to calculate the cost to manufacture one unit of the parent item.
Click Process to run the re-cost process.