Standard cost vs Average cost

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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Shashi_k
Posts: 130
Joined: Thu Jan 10, 2008 3:50 am
Location: India

Standard cost vs Average cost

Post by Shashi_k »

Hi,


Can anyone tell me what is the difference between standard costing and Average costing. Will there be any difference in the journals entries created during the receipt of the inventory.


Regards,
Shashi.
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