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Landed costing adds costs incurred in getting the stock into store to the price paid for the stock and updates the average cost in the system
A simple view of what is going on
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| name | Landed cost options explained |
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For the Accountants - here are the journals created.
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There are two stages in Complex Landed Costs
- Estimated stage = costs are estimated. The PO can be receipted and average cost of the stock will use the estimated costs
- Actual stage = actual costs are compared with the costs used in the estimate stage and the average costs are then adjusted to suit.
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