Cost of product
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.