update of COGS enteries in discrete manufacturing organization
We have a discrete manufacturing org,from where shipments are made and COGS account is used.Our Costing method is Perpetual(Average).However our Finished Good Item cost is finalized only after month end(usualy takes 5-7 days for month closing).
Now as dispatches are made daily ,the COGS account is transacted with a value which does not reflect the total cost of finished good item(as cost is finalized after month end).
our requiremnt is that can we update the accounitng enteries of COGS for dispatches made daily ,with the finalized finished good item cost at the end of month in that discrete org(similar to what a "cost update process" does to COGS in a process manufacturing organization) ?
Now as dispatches are made daily ,the COGS account is transacted with a value which does not reflect the total cost of finished good item(as cost is finalized after month end).
our requiremnt is that can we update the accounitng enteries of COGS for dispatches made daily ,with the finalized finished good item cost at the end of month in that discrete org(similar to what a "cost update process" does to COGS in a process manufacturing organization) ?
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