Understanding Earned Conversion Cost Transactions

Earned conversion cost transactions account for the labor, machine, and subcontracting costs that are earned and also the manufacturing overhead that is applied when completing assemblies at an operation or to stock. These transaction groups include:

Transaction Group	Description	Transaction Process	Menu Path
240	Earned Labor.	Recording completions or scrap for an assembly at an operation.	Production Control, Process Production, Complete Production, Record Completions and Scrap Production Control, Process Production, Subcontract Production, Receive Subcontract Assembly Production Control, Process Production, Complete Production, Process Completions and Scrap
211	WIP Revalue (Conversion Costs).	Revaluation of WIP inventory. If conversion costs are recorded prior to the standards change, the costs are revalued as part of the WIP revaluation calculation.	Cost Accounting, Item Costs, Update Costs, Cost Update/Revalue