Cost Management - EBS (MOSC)

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Unable to understand the accounting entry of LCM adjustment (Average Cost Update) in inventory

edited Jan 4, 2022 3:27PM in Cost Management - EBS (MOSC) 2 commentsQuestion

We created a PO, a shipment and entered estimated charges on its shipment in LCM. Then we processed the receipt, Inspection, Delivery, Move Order and Transact Move Order Issue. Later in Payables we entered the actual charges invoices and ran 'Matches Interface Import' and 'Submit Pending Shipment' requests upon which the item cost was updated in inventory. We are unable to understand one accounting entry upon LCM Adjustment shown in the file attached.

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