This is my account configuration for manufactured products;
Raw Material Components
Stock In - Inventory Purchased
Stock Out - COGS
Stocks Valuation - Inventory on Hand - Raw Materials
In accounting report balance sheet, its only showing the inventory purchased, and the there''s no COGS value after stocks are out for production and worst no stocks valuation showing as ending inventory.
Finished Goods/ Manufactured Products
Stock In - Inventory Manufactured
Stock Out - Cost of Goods Sold
Inventory Valuation - Inventory on Hand - FG
In accounting report balance sheet, there'"s no report for value of products manufactured and when I made sales, COGS has no record also.
Please advise the right account properties.