Hi.
The table below is a chronological list of events that occurred recently. As a result, we have a value in our WIP account which shouldn't be there. This has occurred because (presumably) the calculation of the WIP adjustment on "ending" a production order is based on a cost that has been updated because of the standard cost revaluation. Has anyone experienced this. Is there a setup parameter that overcomes this issue? Cheers James
| Event (Chronological Order) |
Item |
Cost |
|
|
| Formula Created |
Material A |
$5.00 |
|
|
|
Route A |
$1.00 |
|
|
| Production Order Consumption |
Material A |
$5.00 |
Increase WIP$ |
Reduce SOH RM$ |
|
Route A |
$1.00 |
Increase WIP$ |
Increase WIP Recoveries$ |
| Report as Finished |
Finished Product A |
$6.00 |
Increase SOH$ |
Reduce WIP$ |
| Std Cost Revaluation |
Material A |
$5.50 |
Increase SOH$ |
Increase Clearing$ |
| End Production Order |
|
|
Adjust Variances$ |
Adjust Consumption$ |
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