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A few things to be aware of that we wished we'd known during our implementation:With many of the costing methods, you must perform an inventory closing procedure to finalize the costs. Until that is done, your product costs can (and probably will) be off vs. your expectations. AX breaks down postings into Physical (based on the cost shown on the PO, posted upon receipt) and Financial (posted upon invoicing). So, if your PO doesn't include freight cost, or at least a good estimate for it, this can cause costing issues - especially if the invoice isn't posted in the same month as the physical receipt. Standard cost avoids this by using a fixed cost and posting difference to a variance account, so it may be a good choice for ease of use, but as the others have said - it's not going to include anything you don't build into that standard and it's not going to ever reflect actual costs.We came from an ERP system where we were using a rolling weighted average for costs. During all of our discussions with our partner during implementation, we referred to it as "Weighted Average" - that's just how we knew it - and our partner did not do anything to educate us on the various costing methods in AX and how they worked, nor dig into what our method was truly doing. Consequently, we went live AX's Weighted Average method and spent months trying to figure out how the hell AX was calculating our costs. We've adjusted to it now, but probably should have used the "weighted average dated" method, or perhaps "moving average". In short, we suffered from both a failure to communicate and not knowing what we didn't know.Here are a couple of things which may help you avoid some of that:Inventory Costing methods in MS Dynamics Ax 2012Inventory valuation report and cost price not producing expected result - Microsoft Dynamics AX Community Forum
The first link provides a quick, and understandable, overview of the various costing options in AX. The second is a question I asked on the Microsoft AX forum and the community responses finally helped me understand what was going on inside AX's engine.I'm off topic from your standard cost question, I know, but we are also a process manufacturer and I cannot overemphasize the need to educate yourself on AX's inventory costing methods during the implementation so that you can successfully communicate your goals to your partner's team.I highly recommend you start a new thread if you have more general costing questions so that this one doesn't go further afield. Just based on your question, it doesn't sound like standard cost is going to give you the results you are looking for.
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