Let me clarify... We want the value of all the unfinished parts
(that are part of a job) that are on our shop floor, at standard.
These parts are not in inventory nor will they be. (Except for
the finished good when it is done) It would be the value of all
subcomponents at their last operation completed, with any material
tied to a completed operation, plus any subcontract ops.
"L.D. Eates" wrote:
(that are part of a job) that are on our shop floor, at standard.
These parts are not in inventory nor will they be. (Except for
the finished good when it is done) It would be the value of all
subcomponents at their last operation completed, with any material
tied to a completed operation, plus any subcontract ops.
"L.D. Eates" wrote:
>
> I have used standard cost for two years now. If the part is marked as
> standard cost and you have the standard cost attached to the part, it will
> shipped the item at standard even if you have no inventory. Your stock
> status report will show what is in inventory (if you have posted production
> it will negative)and the cost number will std cost next to it. When you post
> the production it will go back to zero. If you need additional info you can
> e-mail me off line.
>
> L. D. Eates
>
> -----Original Message-----
> From: Joe Konecny [mailto:jkonecn@...]
> Sent: Wednesday, January 24, 2001 12:21 PM
> To: vantage@egroups.com
> Subject: Re: [Vantage] To those running/considering standard cost...
>
> Right but if someone said "show me the value of all your wip
> on the floor at standard", I couldn't do it.
>
> Erica Steffens wrote:
> >
> > We use standard cost. In order to do this though you need to put
> everything
> > into inventory before it is shipped. It is the only way I know to make
> this
> > work.
> >
> > Erica A. Steffens
> > System Administrator
> > Jerneen Micro Medical Technologies Inc.
> > ESteffens@...
> >
> > -----Original Message-----
> > From: Joe Konecny [mailto:jkonecn@...]
> > Sent: Wednesday, January 24, 2001 7:10 AM
> > To: Vantage List
> > Subject: [Vantage] To those running/considering standard cost...
> >
> > We have been using standard cost to value our inventory since we
> > started with Vantage. We do it all manually though. Reason
> > is that Vantage (even though we are set up for standard cost)
> > uses last cost for valuing WIP. We want it valued at standard.
> > Are we missing something or can't Vantage be set up as a true
> > standard cost system?
> >
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> >
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