Changing the costing method

Hello,
We are looking for approaches/feasibility in changing the costing method.
From FIFO to Average or Standard.
Oracle EBS version is 11.5.10.2.
Any pointer in this regards would be of great help.
Thanks,
Sathish

Hi,
What Nagamohan have suggested is the best solution. But take in mind the following steps need to completed for changing the costing method.
1) Create a new inventory organization with new costing method
2) Move the items & onhand quantity from old inventory org to the new inventory organization
3) Issue out the onhand quantity from old inventory organization
4) Migrate the bill of materials if any to new inventory organization.
5) Migrate the routings if any to new inventory organization
6) Take care of open Purchase Orders, Sales Orders and Jobs.
7) Modify the custom reports which is referring to the old inventory organization.
If transaction history is required that need to be migrated in addition to that.
Thanks,
Saravanan

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