How to achieve costing for Partial completions?
For a long running Work order below is the business scenario:
Costing Method : Actual Costing
Work Order Details
Finished Goods : 2 Each
Raw Material Required: 45 Feet
Work Order is completed in 2 Batch.
- Partial Completion 1
- Finished Goods LOT A : 1 Nos
- Raw Material Consumed: 20 Feet (Cost 20*10= $200)
- Hence the Unit Cost For LOT A should be $200.
- Completion No 2
- Finished Good LOT B: 1 Nos
- Raw Material Consumed: 25 Feet (Cost 25*10 = $250)
- Hence the unit cost For LOT B should be $250.
But Currently when the Provision Completions option is set as 'Value Using accumulated WIP balances'. After the work order is closed a WIP Adjustment entry is getting generated to update the cost of LOT A to $225, and the LOTB is also costed at $225.
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