Explain what are the cost account when doing the goods receipt. For
example when doing GR, system post as follows.
Dr Stock (is this the cost of sales?) Cr GR/IR (what exactly is GR/IR)
and when do IV it post
Dr GR/IR Cr Vendor etc.
Goods Receipts/Invoice Receipts for Purchase Order:
Transaction OMW1 allows you to set whether the Price Control is a mandatory "S"
or "V".
- V indicate that you want the system to value the stocks with the latest
price.
- S indicate that you want the system to value the stocks with a fixed price
method.
Price Control V - Moving Average Price
Assume Material Master current price is 10
Goods Receipts for Purchase Order - Movement Type 101
Material Document Posting created - inventory increases
New Moving Average Price = ( Inventory difference of 2 + Total value ) / (
Total Stock)
Price Control S - Standard Price
Material and Accounting Document is the same.
The one with the lower value will be posted with a price variance entry.
Goods Receipts for Purchase Order - Movement Type 101
Material Document Posting created - inventory increases
