Dear Team,
We are facing an issue regarding the inventory and it is given below:
1). We have purchased some items from a vendor through purchase order and the product receipt is done in 2016, where as the invoice is done in 2017.
2). These materials are used in production and it is utilized in 2016.
3). In the costing sheet of the production, the cost for the raw materials are not updated.
4). Also in the Inventory value report the total cost for the raw materials is displayed with the amount which is created in the PO. But the quantity is deducted and the average cost is displayed based on this.
Kindly need to know how can we move the value from Raw material to finished goods without changing the quantity. Expecting your solution asap.
Kind Regards,
Ramji M H
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