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3,795 Item valuation = Average Perpetual
Scenario:
Purchase Order for
100 units @ RM 50/unit = RM 500
Because of the project is still on-going,
Vendor bill TMS for the 100 units shipment
100 units received @ RM 20/unit = RM 200
Then the Vendor bill for the Remaining amout of = RM 300
Because of a specific reason (the project is still on-going), the vendor “adjust” all those items at a “lower” unit price, even if all inventory item have been fully received. So, if the receiving shipment recorded at the “lower” unit cost, so those transactions is affecting the item cost.
We would like to know the best way to handle/record those transactions. Many thanks in advance.
Scenario:
Purchase Order for
100 units @ RM 50/unit = RM 500
Because of the project is still on-going,
Vendor bill TMS for the 100 units shipment
100 units received @ RM 20/unit = RM 200
Then the Vendor bill for the Remaining amout of = RM 300
Because of a specific reason (the project is still on-going), the vendor “adjust” all those items at a “lower” unit price, even if all inventory item have been fully received. So, if the receiving shipment recorded at the “lower” unit cost, so those transactions is affecting the item cost.
We would like to know the best way to handle/record those transactions. Many thanks in advance.
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