Inventory Valuation and Accounting for Cost Organization in Food Manufacturing Company
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Scenario and Problem Explanation:
1) We have 2 OUs placed one at Mumbai and Other at Chennai and both the Plants use Periodic Moving Average Costing Methods.
2) At both the Plants, Inventory Valuation is done at Standard Cost meaning Standard Cost for every FG is maintained manually at both the plants in OPM Financial and the Average Cost arrived for the month get valuated at Standard Cost and accordingly Unit Cost Adjustment is done and all FG Items get valuated at Standard Cost at the Month End.
Now we have one Costing Organization for all CFA's(Carrying and Forwarding Agent)