What is material ledger in SAP CO-PC - Product Cost Controlling?

SAP Term: material ledger

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: Tool that collects transaction data for materials whose master data is stored in material master. The material ledger uses this data to calculate prices to valuate these materials. The material ledger is the basis of actual costing. It enables material inventories to be valued in multiple currencies and allows the use of different valuation approaches.

Smart SAP Assistant

• Key Concepts: 
  Material ledger is a component of SAP's Product Cost Controlling (CO-PC) module. It is used to track the costs of materials used in production and to provide an accurate picture of the cost of goods sold. The material ledger allows for multiple currencies and multiple valuation methods, making it a powerful tool for cost analysis. 
  
  How to use it: 
  The material ledger can be used to track the costs of materials used in production, such as raw materials, components, and finished goods. It can also be used to track the costs of services, such as labor and overhead. The material ledger can be used to analyze the cost of goods sold, as well as to compare different currencies and valuation methods. 
  
  Tips & Tricks: 
  When using the material ledger, it is important to ensure that all costs are accurately tracked and accounted for. This includes tracking the costs of raw materials, components, finished goods, services, and overhead. Additionally, it is important to ensure that all currencies and valuation methods are accurately tracked and accounted for. 
  
  Related Information: 
  The material ledger is closely related to other components of SAP's Product Cost Controlling (CO-PC) module, such as cost centers and cost objects. Additionally, the material ledger is closely related to other components of SAP's Financial Accounting (FI) module, such as general ledger accounts and cost elements.