Learn how to configure Microsoft Dynamics 365 Business Central to automatically update item costs based on the latest purchase invoices. Get insights into the correct setup for the MB-800 certification exam, including Automatic Cost Adjustment and Average Cost Calc. Type.
Table of Contents
Question
Your company needs to ensure that the cost of goods sold reflects the most recent purchase costs.
You need to configure the system to automatically update item costs based on the latest purchase invoices.
What should you do? Each correct answer presents part of the solution. Choose 3.
A. Manually adjust item costs after each purchase invoice posting.
B. Enable the ‘Automatic Cost Adjustment’ feature to update item costs as new purchase invoices are posted.
C. Use the ‘Rounding Method’ page to update item costs based on purchase invoices.
D. Set the ‘Expected Cost Posting to G/L’ field to Yes to include expected costs in the cost of goods sold.
E. Configure the ‘Average Cost Calc. Type’ field to calculate the average cost per item upon receipt of new purchases.
F. Implement a custom script to modify item costs after purchase invoice postings.
Answer
B. Enable the ‘Automatic Cost Adjustment’ feature to update item costs as new purchase invoices are posted.
D. Set the ‘Expected Cost Posting to G/L’ field to Yes to include expected costs in the cost of goods sold.
E. Configure the ‘Average Cost Calc. Type’ field to calculate the average cost per item upon receipt of new purchases.
Explanation
Options B, D, and E are correct because enabling ‘Automatic Cost Adjustment’ ensures that item costs are updated automatically, setting ‘Expected Cost Posting to G/L’ to Yes includes expected costs in the cost of goods sold calculations, and configuring ‘Average Cost Calc. Type’ allows for average cost calculations upon receipt of new purchases. The other options are incorrect because manually adjusting costs is not efficient, the ‘Rounding Method’ page does not directly update item costs based on purchase invoices, and implementing a custom script is unnecessary when the system already provides the needed functionality.
Microsoft Dynamics 365 Business Central Functional Consultant MB-800 certification exam assessment practice question and answer (Q&A) dump including multiple choice questions (MCQ) and objective type questions, with detail explanation and reference available free, helpful to pass the Microsoft Dynamics 365 Business Central Functional Consultant MB-800 exam and earn Microsoft Dynamics 365 Business Central Functional Consultant MB-800 certification.