How to create the COGS recognition for service items
Hi Team,
We have a requirement where we want to recognize the COGS for service items.
Use Case : Our Customer manufactures custom hat for industrial usage and will emboss the logo based on the external customer requirement.
Here we have 2 parts
1) Custom Hat
2) Custom Logo
Custom logo is non tangible, but customer would like to have COGS recognition for the custom logo once its is shipped and billed. This will enable business to calculate profit based on sales price and COGS details
So would like to know how to handle this scenario in Oracle cloud Costing.
If any of you worked on similar business case, please provide your inputs.
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