When you update costs and choose to save details, information associated with the update is retained so that you can rerun adjustment reports. When you no longer need such information, purge it.

Prerequisites

• To define, update, or delete cost information, the Privilege to Maintain Cost security function must be included as part of the responsibility.

   To purge standard cost update history:

1. Navigate to the Purge Standard Cost History window.

2. Enter the date and time of a standard cost update to purge.

3. Select to purge only the cost update adjustment details available, only the item cost history, or both.

   Attention: If you choose to purge the item cost history, then note that this impacts the period close summarization values. In the absence of item cost history, the period close summarization process assumes zero as the standard cost for the item at the end of the period that is being summarized.