CK24 - Release Price Update

Once you have carried out a cost estimate for a material, you can transfer the costing results to the material master as prices. To set a new standard price in the material master, you must mark and release the standard cost estimate. Before you can mark and release a standard cost estimate, you must allow standard cost estimates to be marked and released in a company code.

If you release a standard cost estimate for a material, the marked price is transferred into the material master record as the current standard price for the current period. This price is then active for external accounting. The materials with "S" price control are valuated with the new standard price. The current standard price becomes the previous standard price. Simultaneously periodic unit price is used in single-level and multilevel material price determination to valuate the materials for the closed period.

Once you have released the cost estimate, you cannot create a new standard cost estimate in this period. Although you can delete a released cost estimate, the materials are still valuated with the released standard price. When a current standard cost estimate is deleted, the previous standard price no longer becomes the current standard price. To determine a new standard price, you have to carry out costing, marking and releasing afresh.