Mark
I only have a small bag of beans and don't count them often. :)
When Capture COS is run it attempts to match parts that have been
shipped from mfg with the job costs. This works well if the job is
complete when the last parts are shipped and there is cost in Lbr,
Bur and Mtl.
The "part cost method" controls the cost of part sent to inventory
from the job. If this is higher than the costs accumulated in the job
the WIP report can't display a negative number puts up the "???????".
This has been the primary reason for our WIP report problems.
Is this editedable? Not directly. You can put parts and cost back
into the job with a negative transfer to INV (ver 4) and then change
the part cost and retransfer. Using Average costing avoids some of
this. We use Standard for all our finished goods. We have one person
check the costs of all parts put in inventory.
HTH
RRD
IS Manager
Weaver Industries, Inc.
717 336 7507 phone
717 336 4182 fax
rdover@...
www.weaverind.com
I only have a small bag of beans and don't count them often. :)
When Capture COS is run it attempts to match parts that have been
shipped from mfg with the job costs. This works well if the job is
complete when the last parts are shipped and there is cost in Lbr,
Bur and Mtl.
The "part cost method" controls the cost of part sent to inventory
from the job. If this is higher than the costs accumulated in the job
the WIP report can't display a negative number puts up the "???????".
This has been the primary reason for our WIP report problems.
Is this editedable? Not directly. You can put parts and cost back
into the job with a negative transfer to INV (ver 4) and then change
the part cost and retransfer. Using Average costing avoids some of
this. We use Standard for all our finished goods. We have one person
check the costs of all parts put in inventory.
HTH
RRD
> Hello Group,Russ Dover
> My CFO has a question for any bean counters in the group. Can
> any one tell
> her how the C.O.S. amount that is applied to the shipments is
> calculated.
> Is it possible to edit this amount on the WIP report or review the
> amount
> before it is posted to the WIP report. Also Why does the COS in some
> cases
> take more than the WIP balance on select jobs?
>
> TIA
> Mark
>
>
>
IS Manager
Weaver Industries, Inc.
717 336 7507 phone
717 336 4182 fax
rdover@...
www.weaverind.com