Hi All,
Customer has two operating units with respectice Inventory org's: ABC and XYZ.
ABC manufactures teh goods and ships to XYZ. The goods are then shipped from OU 'XYZ' to end customer. We intend to use IRISO for this requriement
ABC ships the goods with 50% markup and records it as profit in inventory.
ABC books :
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Std cost of item : 100 usd
Sales price : 150 usd
Accounting for shipment of goods( one unit shipped )
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COGS dr 100
Inventory Cr 100
Revenue accounting:
--------------------
Receivables Dr 150
Revenue Cr 150
XYZ books:
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Std cost of item : 100 usd
Sales price : 225 usd
Receipt of goods from ABC (one unit received)