Periodic Average Costing is an option that enables customers to value inventory on a periodic basis. Periodic 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 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. (APICS Dictionary, 2003
To view full details, sign in with your My Oracle Support account.
Don't have a My Oracle Support account? Click to get started!