Standard Costing Tests

These tests are designed to verify the Standard Costing features are correct.

Prerequisites

Use web tools and update the costingMethodId field of PartyAcctgPreference to STANDARD_COSTING.

Test Receiving a Purchase Order

Actions

• Create a purchase order for 10 MAT_A_COST at $25 and 10 MAT_B_COST at $25 from DemoSupplier for Company. This means overriding their default purchase prices.
• Approve the purchase order
• Go to Warehouse > Inventory >> Receive against PO to receive the purchase order

Results

• Verify that the prices shown on the receipt against PO screen are the standard costs of $9 for MAT_A_COST and $7 for MAT_B_COST, rather than the $25 on a purchase order

Actions

• Receive and close the purchase order

Results

• Use Warehouse > Inventory >> Find Inventory to find the inventory items which were just received, and verify that they have unit costs of $9 and $7

Test Manufacturing a Product

Actions

• Go to Warehouse > Manufacturing and Create a production run to create a production run for quantity 1 of PROD_COST
• Complete a production run and issue PROD_COST to inventory

Results

• Go to Warehouse > Inventory >> Find Inventory to find the PROD_COST which has just been manufactured, and verify that it has a unit cost of $194, which is its standard cost

Test Adjusting Inventory Value

Actions

• Go to Financials > Ledger >> Adjusts Inventory Values for Company.

Results

• Verify that the "Default Cost" field is set to standard costing by default

Actions

• Enter MAT_A_COST or MAT_B_COST for product ID and change all the costs to $1.
• Come back to the screen again and search for same product ID

Results

• Verify that the "New Unit Cost" column shows the standard costs of each inventory item, which is $9 for MAT_A_COST and $7 for MAT_B_COST, instead of their actual unit costs of $1