Standard Price – Moving Average Price – Vendor Price – Periodic Unit Price
The standard price is calculated by a standard cost estimate, and is written to the material master record when the cost estimate is released. The standard price should not change during a planning period. When you create a costing view for the first time, you enter a provisional price (such as 1 euro). The moving average price changes due to goods movements and invoice entries. The system calculates the price automatically by dividing the material value in the material stock account by the total of all warehouse stocks in a plant. This price cannot be calculated via a material cost estimate. This procedure allows you to list and maintain conditions that determine the net price in a single information record or contract. The periodic unit price is used in single-level and multilevel material price determination to valuate the materials for the closed period.