Does system track the costs differently for item revisions?

Hello
Does anyone know If the system Tracks the avg costs for all revisions of a particular item seperately
like we have items with four standard revisions
New
Old
Scrap
Imported
Now all of them have unique costs.If system does not track seperate costs for all these revisions than its a problem as scrap, old , and new cant be issue at same costs.it would mis lead us on consumption and expenses and many other effects too
Please advice

Sandeep Gandhi, Independent Consultant wrote:
Oracle does not track costs by revisions. You will see that cst_item_costs does not have a revision column.
I am not sure if you have setup revisioning correctly.What is the main purpose of revisioning
As far as i understand it its like you have an item with different colors.So you open up one item code rather than opening a new code for every color of same item and then open revisions for all colors you have.In this examples i will take three colors blue , red and white.So there are three revisions, all active and we transact in all revisions as needed
Is my understanding right?
Please advice
>
New, Old, Imported may not be good candidates for revision. And scrap is more like a disposition than a revision.
If you want to enter different costs for different transactions, you should use avg. costing.We are using avg costing in all our ORG`s and system uses avg cost automatically on all transactions for which we dont provide costs manually

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