This presentation will focus on the key changes to product costing configuration and business process in S/4HANA 1809. We'll cover an overview of product costing processes discussing cost planning, costing runs, and period end close steps/reporting. The S/4HANA enhancements to costing runs will be covered with practical examples. Configuration options for COGS split, WIP, production variance, and production cost analysis will be covered and demonstrated with reporting outcomes. Lastly, Fiori apps that offer new analytical capabilities on production cost and material valuation/prices will be demonstrated.