The configuration and setup of inventory costing are combined between the integrated modules of inventory and warehousing management, product information management, and financial controls. A collection of all types of setup is shown in the product master form, depicted in the following figure:
The blocks in the preceding figure are defined as follows:
Item model group: This identifies the inventory valuation method
Product dimension groups: This identifies the product's attributes
Product storage dimension groups: This identifies the product's location
Product tracking groups: This identifies the product's tracking information
The main configuration and setup of inventory costing in Microsoft Dynamics AX is in Item model group, where we identify the inventory costing valuation method. For inventory model group, navigate to Inventory and warehouse management | Setup | Inventory | Item model group. Microsoft Dynamics AX 2012 R3 supports the following...