Batch Costing
Please help me resolve the following scenario:
We have a finished goods item 'FG' with a single raw material 'RM' in its formula. Average per unit cost of RM in the month of September-2013 is $10.00. Now a batch is created for FG item on 29th September 2013, raw material RM is issued on the same date i.e. 29-Sep with a total RM issued cost of $10.00 (means only 1 unit of RM was required and was issued on the batch). This batch for FG item gets completed on 02-October-2013, means it was Open at September month end and hence was not included in September average costing
We have a finished goods item 'FG' with a single raw material 'RM' in its formula. Average per unit cost of RM in the month of September-2013 is $10.00. Now a batch is created for FG item on 29th September 2013, raw material RM is issued on the same date i.e. 29-Sep with a total RM issued cost of $10.00 (means only 1 unit of RM was required and was issued on the batch). This batch for FG item gets completed on 02-October-2013, means it was Open at September month end and hence was not included in September average costing
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