Quite recently we defined one new inventory organization while extending our retailing. After the setup, noticed that none of the transactions were getting costed and there were no error or messages in the lines.

After some dwelling we realized that initial settings for the organization sets the cost cutoff date for the organization to a date that looks somewhere closer to the application installation date. All we needed was to empty the column and relaunch the cost manager.

Navigation. INV Super User -> Setup -> Organization -> Parameters -> Costing tab & reset the cost cutoff date.

Hope this helps few out there! Merry Christmas & Happy New Year 2024 to everyone!