how to update accounting entries from the Transfer Orders on the shipping and receiving entities

Summary:

Do you know if it would be possible to change how the accounting entries from the Transfer Orders on the shipping and receiving entities go to the accounting entries?

Content (please ensure you mask any confidential information):

For example, could we assign a fixed markup % on items and have them transfer inventory out as a sale to a sales account and also record the COGS and reduction in inventory for the shipping co and show a receipt of value at the marked up "purchase price" at the receiving entity?  If this is possible, this might be what we want to do so that we do not change the internal process for the purchasing, sales, receiving departments but still have the correct accounting and reporting.