change standard price in material master

Question: Hi all,

Can somebody explain me how to change standard price in the material master?
I know that it can't be updated in a direct manner.
What is way to update it?

Sanjaya

Answer:
MR21 is the transaction. if you have stock, then you create automatically an FI acounting document for the value gain or loss.
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Answer:
Std price of material with S indicator can be replaced with a new Std costing run in next period. But Std price which appears in Costing view 2 of material master for materials with V indicator can be replaced by putting revised cost in Planned price column and then run dummy std costing run for the material with V indicator and release. This will replace Std cost of the material with V indicator.

MR21 is used for MAP updation.

Kind Regards

VS
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