Project Related Sales Orders and COGS Recognition

Hello -

Does anyone know how the project costs are moved from Inventory to COGS account when the sales order is shipped?

Scenario:

1. Project Number / Task Numbers are linked to the Sales Order Lines 1 through 4.

2. Standard Inventory Costs for the Items on the Sales Order are transferred to Projects.

3. PO / AP Invoices are charged to the Project.

4. Other Miscellaneous Costs are charged to the Project.

5. Sales Order lines 1 through 3 are shipped.

6. Project Costs should move from Inventory to COGS account for lines 1 through 3.

7. Project Costs associated to line 4 stay in Inventory account until the line ships.