Retail Merchandising System (MOSC)

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Recording reduction in inventory value when stock marked down as reduced to clear

edited Mar 7, 2014 12:00PM in Retail Merchandising System (MOSC) 1 commentAnswered

Hi Community

Maybe I am missing something obvious, but I am looking to cover the following business scenario by recording the financial implications to the RMS stock ledger:

I have a grocery item with a limited shelf life. The date when the item will reach its sell by date is different for different batches of the same item.

For example, today, 27th Feb 2014, I have two batches of stock for the same item in a particular store:

* 10 units with sell by date of 31 Mar 2014, selling price 2.99

* 10 units with sell by date of 03 Mar 2014, selling price 2.99

This gives be a stock valuation of 20 units * 2.99 = 59.80

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