Perpetual average cost was not found (outgoing)

First receipts came in costless → no starting average ever existed → every issue since has nothing to price against.

1. Open the cost component mappings (navigation below)
2. Find the Component Group used by this item's cost profile
3. In the Cost Component Codes tab, add: Source = Predefined · Set = Common Set · Code = DEFAULT_COST_COMPONENT → map it to your default cost element. This tells costing: “receipts with no cost may book at 0 instead of blocking”
4. Repeat for EVERY component group your average-costed items use, the step people skip
5. Rerun the cost processor; the stuck receipts book at 0, an average now exists, the issues cost right behind them
6. SENIOR TIP: 0 unblocks, but your average now starts from zero. If the true value matters, instead create a misc receipt of qty 1 WITH a real cost in the same valuation unit, rerun, then issue the qty 1 back out, unblocked AND valued truthfully

• Setup and Maintenance, search tasks: Manage Cost Component Mappings
• Cost Accounting work area, Create Cost Accounting Distributions (the cost processor)
• Cost Accounting work area, Review Cost Accounting Distributions (Transaction Errors tab)

My Oracle Support document IDs for readers with access: 2019261.1 · 2242665.1. We do not reproduce their content.

• Existing layer cost was not found, actual cost (incoming)
• The standard cost for this transaction does not exist
• Receiving transaction information is missing
• The costing period is not open
• See all cost processor errors and fixes