could you please let me know what exactly the postings will be when the post closing step is done for multi-level price determination finished material.
as i observed system is posting the below entries after post closing:
Finished goods Inventory a.c dr
to production Varainace a/c ( PRY in obyc)
this is the previous period posting. Inventory value is updated and the periodic unit price is also updated
The reversal of the entry is posted:
production variance a/c dr
Fin goods inventory a/c
As I understand the second entry is not required when we revaluate the inventory with actual cost.
and the periodic unit price of the previous period should become the stad price of the next period i.e 10th period.
Please confirm the above.