Example: Entity to Entity, Different Cost

  To From
Entity 1 2
Site Cols Columbus SanF San Francisco
Whse Main Dist
Loc Raw1 InspA
Cost $1.10 $1.00
Price    
Profit    
FOB Cols Determines which warehouse transit location
Currency US$ US$

SHIP:IC DIST JOURNAL ENTRIES

Entity/Site/Whse/Loc Account DR CR
1/Cols/Main/Raw1 Inv-Matl   .60
1/Cols/Main/Raw1 Inv-Labr   .15
1/Cols/Main/Raw1 Inv-FOvhd   .20
1/Cols/Main/Raw1 Inv-VOvhd   .15
1/Cols/Main/Raw1 Inv-Out   .00
1/Cols/Main/Raw1 InterEntity CostOfSales Inv .60  
1/Cols/Main/Raw1 InterEntity CostOfSales Inv-Labor .15  
1/Cols/Main/Raw1 InterEntity CostOfSales Inv-FOvhd .20  
1/Cols/Main/Raw1 InterEntity CostOfSales Inv-VOvhd .15  
1/Cols/Main/Raw1 InterEntity CostOfSales OServ .00  
1/Cols/Main/Raw1 Inter-Entity AR   1.10
1/Cols/Main/Raw1 Inter-Entity Sales   1.10
2/SanF/Dist/Transit InterEntity AR   1.10
2/SanF/Dist/Transit Inter-Entity Valuation Variance .10  
2/SanF/Dist/Transit Inv-Matl .50  
2/SanF/Dist/Transit Inv-Labr .15  
2/SanF/Dist/Transit Inv-FOvhd .20  
2/SanF/Dist/Transit Inv-VOvhd .15  
2/SanF/Dist/Transit Inv-Out .00  

RECEIVE:IC DIST JOURNAL ENTRIES

Entity/Site/Whse/Loc Account DR CR
2/SanF/Dist/Transit Inv-Matl   .50
2/SanF/Dist/Transit Inv-Labr   .15
2/SanF/Dist/Transit Inv-FOvhd   .20
2/SanF/Dist/Transit Inv-VOvhd   .15
2/SanF/Dist/Transit Inv-Out   .00
2/SanF/Dist/InspA Inv-Matl .50  
2/SanF/Dist/InspA Inv-Labr .15  
2/SanF/Dist/InspA Inv-FOvhd .20  
2/SanF/Dist/InspA Inv-VOvhd .15  
2/SanF/Dist/InspA Inv-Out .00  

Related Topics

About Transfer Order Costing