Inventory
Good faternoon, i work for a company which press MDF and laminate sheets ( raw materials ) to make final product, now for some of the products we will ask another company to press them for us, we wi...
Forum Discussion
Hi Jo2014 , if you hold the raw MDF and laminate sheets in stock as such, then ignoring spoilage/wastage you could record this as follows:
1. Create inventory items for the pressed sheets
2. Create a purchase order on the processor with negative qty of raw sheets at their cost, to record the issue. Note that the onhand qty of the raw sheets will not reduce, but the available qty will.
3. On receipt of pressed sheets, add a line to this order for the pressed sheets at a cost of the raw sheet plus $21/sheet
4. Convert this order to a bill. The net payable should be the processing charge.
Made-up example:
Issue -60 raw sheets at $120 per sheet = -7200
Receive 60 pressed sheets at $141 per sheet = 8460
Difference = 60 sheets at $21 = 1260 to pay
Thank you so much for your reply. i didn't undrestand the second part.(2. Create a purchase order on the processor with negative qty of raw sheets at their cost, to record the issue. Note that the onhand qty of the raw sheets will not reduce, but the available qty will).
I was wondering if i could rase the Po with Service lay out for Contract Pressing, and dont involve inventory and when i recieved the items i just build them in my system amd add another cost for pressing fee. the problem is i dont know how i can add pressing cost in build item section?
