Process Manufacturing - EBS (MOSC)

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Purchase Expenses incurred in subsequent periods needs to be added to the concerned Raw Material Ite

edited Jan 30, 2017 6:58AM in Process Manufacturing - EBS (MOSC) 9 commentsAnswered

Hi Team,

There is a business requirement to add the purchase expenses incurred in subsequent periods to be added to the concerned RM item cost.   The organization is a process organization and we are following actual PMAC.  The requirement is described below.

Raw Material Purchased and accounted in Jul-16. Quantity is 3240 and value Rs.235447.43.  The purchase expense incurred in the same month is Rs.72075.74.  The total purchase value for Jul-16 is Rs.307523.17.  The expected RM item cost in Jul-16 is Rs.94.91 (307523.17/3240).

Some purchase  expenses details for the above purchase have been received in Aug-16 and accounted in Aug-16 for Rs.21899.83.  The expected RM Item cost in Aug-16 is Rs.101.67 (307523.17+21899.83/3240).

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