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$ |
*This post is locked for comments