Cost Management - EBS (MOSC)

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Hi All,

edited Sep 10, 2015 10:00AM in Cost Management - EBS (MOSC) 1 commentAnswered

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 :
-----------
  Std cost of item : 100 usd
  Sales price : 150 usd

  Accounting for shipment of goods( one unit shipped )
                --------------------------------------------------
  COGS dr 100
   Inventory Cr 100

  Revenue accounting:
                --------------------

  Receivables Dr 150
   Revenue Cr 150

XYZ books:
------------
  Std cost of item : 100 usd
  Sales price : 225 usd

  Receipt of goods from ABC (one unit received)

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