Cost Element and Valuation Class

[Former Member]

Hello,

I have a situation where a RAW project material had a Valuation class for consumables (3001). We found the material was assigned the wrong valuation class and we change the class appropriately to 3000. This process included deleting lines from POs and scrapping the material out of the system via 551 then bringing the material back via 552 after making the change.

To our dismay, the material's cost value is still in the consumable account instead of the raw account.

We have changed hundreds of materials in this fashion and this is the first time the value did not move to the appropriate account.

Maybe we're just missing a step. Please help.

Jonathan Danson

[former_member183424]

What is the G/L account for the accounting entry for movement type 552 for this material ?

[Former Member]

Sorry it has taken so long to reply.

To answer your question, I believe the G/L account is 520060.