Account determination for Finished Goods
My question is about Accounts being determined when GRN created for Finished Goods from the Subcontractor. Please see below details and screen shot and advise.
The attached Accounting doc is created when GR is done for the Finished Product from the Subcontractor.
=> These Accounts are determined for 3 components namely a) Raw materials consumed, b) Finished Products Received and c) Scrap.
Our focus in the discussion is on Raw materials & Finished product
=> Raw materals are Consumed - so that "Raw Materials Inventory" Credit & "Raw materials consumption" Debit. OK
=> Finished Products are Received using Movement Type 101 and Stock Increased. Therefore, Finished Goods Inventory should be "Debited" and Inventory change should be Credited, I believe.
But it is the other way round in the below screen shot. Why??
Also please see the posting Key against Finished Goods Inventory- 99 - Stock outward movement.
In fact Finished Goods movement here is Inward - NOT outward
Thanks for the support.