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Former Member
Nov 02, 2012 at 05:23 AM

raw material consumption

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Hi,

Need clarification.

1) when raw material issued to production order, consumption account debited and credit raw material stock.

2) when product is built, the product need to be received into finished goods inventory. in this case, fg inventory debited and may i know is to credit cogm account? this cogm account same as per consumption account in point 1?

need kind advice.

thanks