Hi,
I want to know the accounting entries passed for PP-FI integration through configuration of product costing.
What i understand is when the costing run is released it passes following entry:
Inventory revaluation----Dr
cost of goods manufactured------cr
When the production order is settled it passes following entry:
Finished goods------Dr
Cost of goods manufactured -
Cr
If this is correct how the account Cost of goods manufactured gets set off ? i.e. how this account is nullified in SAP against which entries.
Also in the integration of FI-SD, the following entry is passed at the time of PGI:
COGS------Dr
Finished goods -
Cr
How the account COGS gets set off ? i.e. how this account is nullified in SAP against which entries?
Any help will be very much appriciated.