Following are the Costing attributes and their possible values. You set these attributes when defining or updating items.

Costing Enabled
Indicate whether to report, value, and account for any item costs. For example, you might disable costing for reference items, or for invoice only (non–stock) items that you never ship and never hold in inventory.
Attention: Organizations using average costing always maintain their own item costs, regardless of the control level set for the Costing Enabled attribute.
This is an item defining attribute. If you turn this option on, the item is automatically assigned to the default category set for the Oracle Cost Management functional area.3

Inventory Asset Value
Indicate whether to value an item as an asset in inventory. Turning this option off indicates an expense item.

Include in Rollup
Indicate whether to include an item in the cost rollup.

Cost of Goods Sold Account
This attribute is controlled at the Organization level only. Enter a general ledger account to use as a source for the Cost of Goods Sold Account. The default cost of goods sold account is set when you define organization parameters.

Standard Lot Size
Enter the standard lot size Oracle Bills of Material uses to calculate assembly lead times. Oracle Cost Management uses this value to calculate unit costs for sub–elements with a Lot basis type. This lot size is separate from the lead time lot size.