Share
ReportOur Raw Materials Main Warehouse is issuing to different Cost Center. The Cost Center will now do their own production and the make Production Journal for the Finished Product and make a BOM Movement Journal in order to deduct the inventory which was being used during the production.
We conducted our year end inventory, but we found out a lot of variances and it is very hard for as to dissect those in the Semi Finished Product back to Raw Materials.
I have a friend who shared his experience to me in his previous Company and what they are doing is as long as the Raw Material Main Warehouse will issue the Material, the Accounting Department will considered it automatically as consumed. Every month they will conduct the inventory takings for those not being used and the difference they considered it as Work in Process.
Which is the better approach on treating this matter?
*This post is locked for comments
I have the same question (0)
All responses (
Answers (
39
