Hello Rajneesh Sir,
Thank you very much for quick and insightful reply. This gives me much clear understanding. Sorry for late reply as I was on leave.
Does that mean in example if I have material "XYZ" valued at Rs 1,000 via standard cost estimate and its actual value is Rs 900 or Rs 1,100 and Goods Receipt which will be happening at last operation will have value Rs 1,000 which is standard cost estimate value !!!???
Is my understanding correct ?
Regards,
Tanisha