sorry for the poor thread title, but couldn't think of anything catchy. I am currently trying to setup something that I think should be basic. We have product that is being ST/OT'd from multiple source plants, each with varying product cost, and being commingled into a giant "pile". We want use FIFO inventory valuation, and want sales orders to consume the "first in" inventory. We also want to solve for allocating the revenue from this sale back to the source branch plant. Any general guidance that you good folks on the forum could give me would be greatly appreciated.
The current approach is to produce a single item, with a different item number at each branch plant, then ST/OT it to the distribution point, and reclass it is a sellable item. I think that is where the current setup is falling short with revenue and cost recognition for inventory sold. Thanks in advance for the responses!
The current approach is to produce a single item, with a different item number at each branch plant, then ST/OT it to the distribution point, and reclass it is a sellable item. I think that is where the current setup is falling short with revenue and cost recognition for inventory sold. Thanks in advance for the responses!