GL Account - Inventory Production Offset
- Tom Williams
Owned by Tom Williams
The GL Account that is used for the following Costing journal entries: This section only applies to the 'Actual' cost for Items with a Costing Method of "Active".
- Inventory Production (Inputs): The debit account to offset the value of the 'Actual' cost of inventory that was consumed during production.
- Inventory Production (Outputs): The credit account to offset the value of the 'Actual' cost of inventory that was created during production.
Note: There is no current functionality to auto-assign the output cost to lots based on the summarized value of the input lots, cost items, and other production expenses. This must be done manually in the Update Costs inquiry.