Hi Team,
Please let me know how to receive same inventory part with different costs from receive inventory part window and using purchase orders.
(What are the pre requests needed in inventory valuation method etc.)
Solved
Receiving stocks under different cost levels.
Best answer by Nethmie Pasqual
Hi Devindya,
As Vimkuthi mentioned we would need to know what the business requirement is behind this but having just looked at your question if its just a matter of getting different costs in each PO arrival & receipt transaction, i feel like if you use LIFO,FIFO or Weighed average costing method you can get it done as it takes the purhcase price as the cost if you recieve through a PO and if through a direct receipt into stock then you have to manually define the cost. Standard costing always takes a fixed value so none of this is possible.
Br,
Nethmie
This topic has been closed for comments
+19Can this part be lot or serial tracked?
Vimukthi Mahakumbura wrote:
Can this part be lot or serial tracked?
This is related to none serial and none lot batch parts (Inventory part cost level is cost per part).
+19Would you like to elaborate the business requirement behind this? The cost of a part can be made of different cost sets and buckets, but it is difficult to picture one part having multiple costs without any difference.
Hi Devindya,
As Vimkuthi mentioned we would need to know what the business requirement is behind this but having just looked at your question if its just a matter of getting different costs in each PO arrival & receipt transaction, i feel like if you use LIFO,FIFO or Weighed average costing method you can get it done as it takes the purhcase price as the cost if you recieve through a PO and if through a direct receipt into stock then you have to manually define the cost. Standard costing always takes a fixed value so none of this is possible.
Br,
Nethmie
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.