Profit in inventory as part of Item cost
Hi,
For IRISO and drop shipment, we have this requirement
Company A ships to Company B. Both companies use Std cost
Company A item cost 200, Mark up on goods sold 150. Company B would have std cost 350 so that PPV is avoided
Sceanrio1 :
Company A should records profit in Inventory of 150 when goods are shipped to Company B.
Company B should have the 150 (markup) amount as part of Inventory value. Preferably as a cost element.
When Inventory value report is run Company B- it should show two elements of cost - one with the actual cost and also an element of Profit in inventory