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- The system will use the calculated average cost for stock value journals - see Purchase Order for Perishable Goods from PO to Goods Receipt
- The Journals created are at the bottom of this page
Landed Cost Estimate recalculates based on counts before stock journals created
When the stock is counted the landed cost allocation is updated and recalculated before the Stock Journals are created
- If less stock than was expected is counted during receipt - then the average cost of all items will increase
- If more stock than than was expected is counted during receipt - then the average cost of all items will decrease
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Note: The $ of the stock placed into Assets will be greater than the amount to be paid to the stock supplier. The balance is placed into a clearing account (see Maintain GL Control ) until later cleared out when the actual payments/ invoices are linked to the landed cost calculation Once product is receipted the estimated calculations have been used and cannot be changed. |
Later updating the estimate to Actuals
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