The user posts the purchased links as received with a unit cost of LCY 2.00.
The user then posts a revaluation of the links with a new unit cost of LCY 3.00, updating the standard cost to LCY
3.00.
The user posts the original purchase of the links as invoiced, which creates the following:
An invoiced value entry with an entry type of Direct Cost.
A value entry with an entry type of Revaluation to record the reversal of the revaluation of the expected cost.
A value entry with an entry type of Variance, recording the difference between the invoiced cost and the
revalued standard cost.
The following table shows the resulting value entries.
Step Posting Date Entry Type Valuation Date