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What is Actual Costing and Material Ledger?
Material Ledger is a tool that collects data for materials whose master data has been saved in a material master record. This data is used to calculate prices to valuate these materials forming the basis for actual costing and enabling inventory valuation to be carried out in up to three currencies or valuation methods.
If Actual Costing is used, system can use the periodically collected values to automatically calculate new inventory values and valuation prices, independently of one another and in different currencies or valuation methods.