NetSuite Exam ERP-Consultant Topic 9 Question 43 Discussion

Actual exam question for NetSuite's ERP-Consultant exam

Question #: 43
Topic #: 9

[All ERP-Consultant Questions]

Identify the steps for valuing an inventory item using the Standard Cost Costing method?

1. Rollup Standard Costs.

2. Enter Standard Cost at sublist level.

3. Revalue inventory and update Standard Costs.

A2, 3, 1

B3, 1, 2

C1, 3, 2

D2, 1, 3

Show Suggested Answer

Suggested Answer: B

by Freeman at Oct 18, 2023, 02:00 PM

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11 hours ago

I see your point, Sabra. But I think C) 1, 3, 2 makes more sense as we should rollup Standard Costs first.

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5 days ago

I disagree, I believe it should be B) 3, 1, 2 because we need to revalue inventory first.

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6 days ago

I think the correct steps are A) 2, 3, 1.

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