Standard Cost Inventory Transaction Cost Inv

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Presentation transcript:

Standard Cost Inventory Transaction Cost Inv Item Transaction Org Org Lot Quantity A PO Receipt1 OrgA OrgA 1 7 A PO Receipt2 OrgA OrgA 1 8 A PO Receipt3 OrgA OrgA 2 9 A SO Shipment1 OrgA OrgA 2 8 Receipt Cost (based on PO) Item Transaction Unit Cost A PO Receipt1 $10 A PO Receipt2 $11 A PO Receipt3 $12 Standard Cost $11.00 Note: set by standard cost update What is the item’s Valuation Structure? Cost Org + Inventory Org Inventory Valuation Units Shipments Inventory Account Org A + Org A SO Shipment1 -8 7 @ $11.00 PO Receipt3 +9 8 @ $11.00 9 @ $11.00 PO Receipt2 +8 -1 7 @ $11.00 PO Receipt1 +7 -7 1 @ $11.00 PPV COGS 9 @ $1.00 7 @ $1.00 7 @ $11.00 1 @ $11.00