11.5.10 How to Split the COGS Account
When we sell our inventory we incur cost and realize revenue. The following transaction happens on the cost side:
DR Cost of Goods Sold (Flexbuilder)
CR Inventory Material
CR Inventory Material Overhead
CR Inventory Resource
CR Inventory Outside Processing
CR Inventory Overhead
I was wondering if we can split the COGS account by each sub-element Material, Labor etc when we incur cost and realize revenue.
Thanks