What is 'inventory valuation price' in SAP SRD-BC-TLS-DTM - CRO-Data Migration?

inventory valuation price - Overview

• Component: SRD-BC-TLS-DTM

• Component Name: CRO-Data Migration

• Description: Amount to value the inventory of a material. The cost type specifies the valuation purpose that the valuation price is used for, for example, inventory cost. For each combination of set of books and cost type, an own valuation price must be specified. To calculate the value of the stock or a stock withdrawal, a valuation price must be specified for the inventory cost. This is a mandatory prerequisite for migration of inventory.

inventory valuation price - Details

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  Key Concepts: 
  Inventory valuation price is a term used in SAP software to refer to the cost of goods sold (COGS) associated with a particular item in inventory. This cost is determined by taking into account the purchase price of the item, any additional costs associated with its acquisition, and any applicable taxes. The inventory valuation price is used to calculate the value of inventory on hand and to determine the cost of goods sold for a given period. 
  
  How to use it: 
  In SAP software, the inventory valuation price is used to calculate the value of inventory on hand and to determine the cost of goods sold for a given period. To calculate the inventory valuation price, you must first enter the purchase price of the item, any additional costs associated with its acquisition, and any applicable taxes. Once these values are entered, you can then use the inventory valuation price to calculate the value of inventory on hand and to determine the cost of goods sold for a given period. 
  
  Tips & Tricks: 
  When calculating the inventory valuation price, it is important to remember that taxes may apply. Additionally, it is important to ensure that all costs associated with acquiring an item are taken into account when calculating the inventory valuation price. 
  
  Related Information: 
  The component SRD-BC-TLS-DTM CRO-Data Migration is related to data