Item Cost Roll-up

Dear All,

I am using SAP version 9.0 PL14.

In the Bill Of Material definition we have Product Price.

Using the Update Parent Item Prices is it possible to Update the Standard Cost in the Item Master derived from the BoM Product Price.

I need this facility for cost roll up when the Item Standard in revalued on regular basis.

I have attached 2 screen shots for reference

Kind Regards

Raju Parmar