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Nov 21, 2011 at 04:55 AM

How to inventory the scrap material?

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Hi,

Currently, our scrap procedure is like this. We performed movement type 551 to scrap our raw mat, sfg etc.

Later on, we will performed movement type 501 to receive this scrap under mat type SCRAP (this scrap material is set with quantity update, without Value update). Then we performed PGI to sell this scrap.

Now, our business request us to change SCRAP mat to allow value update. So that there is accounting document generated/ inventorised upon movement type 501.

May I know, :-

1) is it correct practise to enable value update for SCRAP material?

2) besides I enable the value update, what are other configuration I should change as well?