Item Maintenance--> Valuation Method ( FIFO Perpetual) --> Standard Cost & Current Cost

Hi All,

Thanks for your advise last week, regarding my question on Valuation Method in Item Maintenance.

I would like to ask for further advises regarding this matter:

   When we choosing " FIFO Perpetual" as the Valuation Method in Item

   Maintenance,

  which means we will use " Actual Costing".

     Questions

   1) Should we input any "Standard" Unit Cost$ in  the   Standard Cost Box in Item

     Maintenance?

    2) In what situation, we should fill out both --> Standard Cost   &  Current Cost in

       Item Maintenance?

Please advise..  Thank you very much for your help.