Hello all,
How can we have 2 different valuation methods for an item?
So if I am procuring one material and my if I am producing that material, how it holds these 2 separate valuations?
And what will be the COGS based on my valuation?
Thanks.
Question
Different valuations for items
+20Hello,
Do you have two components or 2 raw materials that are being combined into one item for resale? It is possible for different components to have different valuation methods and then be combined to a whole product.
For these situations, we typically see multiple Inventory asset accounts in the Chart of Accounts, representing Raw Materials vs. Finished Goods. Raw materials move to Finished goods as items are manufactured or kitted.
If you are manufacturing an item, they can be combined using production orders - Manufacturing features of Acumatica.
Alternatively, Inventory Kitting features can combine multiple items if you’re selling them as a package. Labor can also be included as a non-stock item in a kit.
An example describing the items, their costs & methods, and how they are being combined may help us to answer with more details.
Thank you.
hi
Its a manufacturing scenario. So where can I see the COGS reports for the same and what all reports for Incentory eeports can be utilized out if the box?
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