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Evo-ERP and DBA Classic >> Manufacturing >> Built Equipment - Finished Goods
http://www.istechforum.com/YaBB.pl?num=1098893281

Message started by kerric on 10/27/04 at 08:08:00

Title: Built Equipment - Finished Goods
Post by kerric on 10/27/04 at 08:08:00

I wasn't sure which category to post this on.

We built some equipment in July for a trade show. When we do this, we process it as an order, but leave it in finished goods.

The guys forgot to give us the info then and we still need to process it (issue materials, etc.) I have done three inventories since then, so how do I process this order without affecting inventory? Do I Issue Materials (WO-G) manually instead of Entering Finished Production (WO-I)? I'm unsure how to get it into Finished goods properly.

Title: Re: Built Equipment - Finished Goods
Post by Lynn Pantic on 10/27/04 at 09:07:54

If you have taken physical counts since then, you have already accounted for the components as shortages and made the adjustments as part of the physical count. I would be inclined to simply adjust the on-hand quantity of the finished items at this point to get them into stock at a reasonable cost. The credit to COGS that this adjustment will post will reverse the debit posted when the component shortages were adjusted for during the physical count.

Title: Re: Built Equipment - Finished Goods
Post by kerric on 10/27/04 at 12:47:03

Thanks for your reply Lynn. A question on shortages: do you mean just the fact that our QOH was less than the amt. counted? We only count steel on a monthly basis, so some parts were accounted for, some were not. We count all type R semiannually.

Title: Re: Built Equipment - Finished Goods
Post by Lynn Pantic on 10/27/04 at 13:06:35

If some have not yet been counted and adjusted for, then I would revise my answer and say you should generate the work order but only issue the items that have not yet been adjusted by a physical count.

Title: Re: Built Equipment - Finished Goods
Post by kerric on 10/28/04 at 06:15:06

Thank you very much. Enjoy your day!