Cost for finished goods

Question

When we create a manufacturing order with raw materials it creates the inventory moves for the consumption but the transfer of finished goods is not costed, the cost is zero for finished goods, and the accounting entries are not generated for finished goods transaction, just for the consumed materials.
Is there something I have to consider that I am missing?

Kevin McMenamin · Answer

or use standard cost for your finished product (which is fairly normal for manufacturing and allows your cost to include labour and overhead)

Kevin · Answer

To create automated accounting entries for your manufactured product, ensure that your manufactured product's product category has the following settings:
Costing Method  First In First Out (FIF O)
Inventory Valuation  Automated

And fill in all the account and account stock properties. And set the cost price of the manufactured product not equal to zero.

Related Posts	Replies	Views
Known Defect Rate - Plan to Product More Than Need for Delivery manufacturing	1 Dec 24	29
Shopfloor multiple screen user solution manufacturing	1 Dec 24	52
Quality controll points for each induvidual assembly within a manufacturing order manufacturing	1 Dec 24	48
How does Microsoft Dynamics 365 integrate with other Microsoft tools and services, such as Azure and Power BI, to enhance manufacturing operations? manufacturing	0 Dec 24	29
Start / End of day checklist manufacturing	0 Dec 24	43

This question has been flagged

Enjoying the discussion? Don't just read, join in!