Component Issue and Return Transactions
You can perform the following transactions:
- issue component items to jobs from inventory
- return components from jobs back to inventory
- issue or return directly by performing a WIP material transaction or by using the Inventory Transaction Interface
- backflush components using the Move Transactions and Completion Transactions windows in Work in Process, the Receipts window in Purchasing (for outside processing), or by using the WIP Open Move Transaction Interface
Costing Issue and Return Transactions
Issue transactions increase the work in process valuation and decrease the inventory valuation. Components issued to or returned from jobs are valued at the inventory average cost in effect at the time of the transaction. Components issued to a job or returned from a job in several different transactions may have different unit costs for each transaction. If a component's unit cost is composed of more than one cost element, this elemental detail continues to be visible after it is charged to a job.
The accounting entries for issue transactions are as follows:
| WIP accounting class valuation accounts
| XX
|
|
| Subinventory elemental accounts
|
| XX
|
The accounting entries for return transactions are:
| Subinventory elemental accounts
| XX
|
|
| WIP accounting class valuation accounts
|
| XX
|
See Also
Overview of Material Control
