Hi, we recently went live on Feb and our team is leaning towards changing the valuation model to Standard Cost. We have closed the inventory for Jan 31st, and Feb but the financial month periods are not closed. Does AX allow us to change the inventory model starting say Apr? I would like to understand the steps that we need to take in order to switch from FIFO to Standard Cost model.
From what I understand, except Standard Cost, the Inventory valuation model applies when we close the inventory and till then AX uses the running average price. We use AX 2012 FP.
Does Ax allow changing the costing model? What are the implications if we were to switch from FIFO to Standard Cost? How could we switch this? What do we need to take into account?
Appreciate your thoughts on this. Thank you