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Converting Inventory Item to Assembly Item with Open POs and Vendor Prepayment – Best Practice?
Hi Experts,
We would like to convert an existing Inventory Item to an Assembly Item for a Contract Manufacturing process.
Questions
1.What is the recommended best practice for converting an Inventory Item to an Assembly Item when there are open POs with vendor prepayments in a closed period?
2. Will editing the existing PO and replacing the item have any impact on:
The vendor prepayment
GL impact in the closed period
3. Is using an Inventory Adjustment to move quantity from old item to new assembly item the correct approach, or is there a better method to preserve costing and inventory valuation?
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