Adjustment of prices of goods
Hi Everyone,Here is my business scenario.
My client is importing goods from foreign countries as bulk, even any damaged items is not possible to return. so how to adjust the price of damaged items to good items.
Example:
Client Importing Item XYZ- 1000 Quantity, unit price is 1000 USD
PO-> 1000 Quantity
Receiving: 1000 Quantity
Inspection: 50 goods are damaged, here not possible to return to supplier, so these 50 goods price is 50000 USD needs to adjust for the other items.
i.e total Invoice amount is 1000 X 1000 USD =1000,000 USD
Good goods 1000-50=950
Overhead item cost for each item is 50000/950=52.63 USD
so, new item cost is 1000 + 52.63 = 1052.63 USD.
My client is importing goods from foreign countries as bulk, even any damaged items is not possible to return. so how to adjust the price of damaged items to good items.
Example:
Client Importing Item XYZ- 1000 Quantity, unit price is 1000 USD
PO-> 1000 Quantity
Receiving: 1000 Quantity
Inspection: 50 goods are damaged, here not possible to return to supplier, so these 50 goods price is 50000 USD needs to adjust for the other items.
i.e total Invoice amount is 1000 X 1000 USD =1000,000 USD
Good goods 1000-50=950
Overhead item cost for each item is 50000/950=52.63 USD
so, new item cost is 1000 + 52.63 = 1052.63 USD.
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