Summary:
What is the distinction between BOM and Parts List? What is the Current Cost
vs. the Completed Cost?

Answer
Distinction between BOM and Parts List:

The Bill oF Material is defined as the quantity of material going into the manufacture of an end item(unit/batch).

The Parts list is a list of material going into the manufacture of the end item against a particular WO.

Current cost is the cost as per the Bill components. Completed cost is the cost as per the parts list and completed quantity. The completed quantity may be more
than the order quanity.

*Questions excerpted from ITToolBox.com*

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