Supply Chain Management - PSFT (MOSC)

MOSC Banner

Weighted Average Cost for Inventory

edited May 16, 2015 12:02AM in Supply Chain Management - PSFT (MOSC) 1 commentAnswered

What have been others experience on weighted average cost and reconciling the clearing account.  We have the following scenario:

Receipt for 1000  10Eaches at $100

Inventory  1000

     Clearing Account  1000

Assume average cost is $99

Voucher comes in at 10 eaches at $90.

Our Purchasing has been canceling the receipt

Clearing Account   999

          Inventory       999

Rereceive for 90

Inventory    900

      Clearing Account   900

Voucher

Clearing Account  900

        Accounts Payable 900

This leaves $1 in the clearing account.  Not sure how to clear that up.

Any help would be appreciated.

Howdy, Stranger!

Log In

To view full details, sign in to My Oracle Support Community.

Register

Don't have a My Oracle Support Community account? Click here to get started.

Category Leaderboard

Top contributors this month

New to My Oracle Support Community? Visit our Welcome Center

MOSC Help Center