Dear All,
Please guide which cost centres/ cost Objects should be chosen in case of the following entries in FI
a) Revaluation of Inventroy based on Standard Costs ( Entry passed by system at beginning of the month)
Inventory Ac Dr
Finished Goods Valuation Adjustement Ac Cr
Semi Finished Goods Valuation Adjustment Ac Cr
Presently entry passed due to above price change we are accounting under Procurement cost centre and treating the same as period costs. Is this treatment proper?
b) Scrap generated during production is not possible to allocate the same to any specific production Order , hence the scrap loss entry as mentioned below is accounted under production cost centre
Scrap Loss Ac Dr
Inventory Semi Finished Ac Cr
inventory Raw Material Ac Cr
Whether scrap loss should be accounted under production cost centre or there any better way of accounting scrap loss in controlling ?
Please provide answers so that necessary configuration chages can be made.
Regards
Milind Nair