I’m working on converting our costing method and testing the results in a test system, but I’m running into interesting results. So I’m looking for some recommendations on what we should do or what could be causing these issues?
- I have issued out 100% of our inventory so that our inventory balance and valuation are 0 on both reports. But our trial balance is showing values in multiple inventory accounts.
- I have closed/cancelled out all production orders that were in a “In Process” status. I would expect this to bring all WIP accounts to $0, but again multiple accounts are showing values in there.
Since I believe all of these accounts should be at $0 now should I clean these up and bring them down to $0 or am I missing something? I can’t tell exactly when these accounts stopped matching and I’m wondering if they were never tied out correctly from our go live.
Thanks for any help.
Best answer by Laura02
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