Finance & Controlling
What is Product Costing (CO-PC)?
Controlling functions that calculate the cost of goods manufactured and sold for products, including standard cost estimates.
Cost estimates combine BOMs, routings, activity prices, and material prices. Costing runs mark and release standard prices for inventory valuation. Production order variances and WIP are calculated at period end.
Related transaction codes
Related terms
Standard Price
A price control in which inventory is valued at a fixed standard price, with differences posted to variance accounts.
Bill of Materials
A structured list of components and quantities needed to make a product.
Routing
A master data object listing the operations, work centers, and standard times to produce a material.
Material Ledger
A sub-ledger for valuing inventory in multiple currencies and valuations, mandatory in S/4HANA, with optional actual costing.
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