on 03-27-2015 1:21 PM
I have a product A. Production order is added with qty 30 and entire raw material is issued against it. The cost of raw material is Rs.35,223. While issuing material , an assembly B which is part of product A is not issued. Now receipt from production is added for A i.e. 3 qty. The unit price is Rs. 18,133. So the cost of material should be Rs.54399 i.e. 18133 * 3.
I have issued material whose cost is Rs.35223 and while crediting the cost increased to Rs.54399. How has the cost increased ?
After issuing the material , I may have runned the inventory audit report. I can not recall whether I have runned the inventory audit report.
What's your costing method? And your question is still a little vague. Could you make your question more clear by providing a fake BOM to simulate your situation?
And if you just worry about the Final Product A's cost is wrong, then just use inventory revaluation to modify it. The accounting effect is general in correct.
Frank
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ok, if possible, could you write down those credit and debit pair on each of the transaction you have made.
In your case, it should include Production order issue material, complete.
And let us know what it supposed to be like. We can definitely find you an explanation. By the way, your accounting people should know this once you show them all those G/L transactions.
Frank
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