Revaluation inventory in Previous Finance Year

Hi MM/CO Expefrts,
We have a requirement to revaluate the inventory as on last month of previous Financial Year (12.2008).
We will be obtaining the details of revaluation by the end of Jan 2009 only. But we have already released
the Standard Cost Estimate (SCE) for the period of 01.2009, which is having a validity upto 31.12.2009.
Whether there is any option to revaluate the inventory as of previous Financial Year (12.2008), even if the Standard Cost Estimate (SCE) for the period of 01.2009 is already released? If possible, what will be impacts? Please recommend.
Your earliest response is will be highly appreciated.
Regards,
Vinod

Hi
If you want to do revaluation through MR21/MR22 then if standard cost estimate for a material then system will not allow you to do revalution.
If you want to do PI, then you can do eventhough SCE exists..
Thanks

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