User Manual for Integration Transactions ( Inventory Valuation )

Raw Materials

Raw Mat valuation report will be the same as the Lot valuation report 
the Materials

Work in Process

WIP report ( tisfc4510mccc) shows the valuation of WIP at 
Actual Mat Consumed + Absorbed Ops Cost

This will be the same as the WIP Value in the Ledger A/c.
To add the Lot Result ( Price element ) to WIP
JVs have to be passed at reporting intervals

The entry will be

WIP A/c   Dr
   To Lot Result ( considering that the Lot Var shows a debit Bal )

[ Report for WIP as given by BaaN + Report for Lot Result for 
  Non Closed orders will give the WIP valuation which will be the same
  as the ledger a/c after passing the above entry ] 

The above entry should be reversed after reporting, ie not the next day
as the transfer to FG will be at stds and the production result will
not have the Lot result element )


For Finished Goods

At the time of Closing the Production order, the entry for result is

WIP A/c   Dr
   To Finished Goods ( instead of Production Variance )

This will load the Production result to the FG a/c
Report for FG Valuation 
ie 1.  Invertoy valuation for Lot Items+Production result developed
   2.  Inventory valuation for Lot Items + prod'n result + Lot Result

To include the element 2 ( Lot Result ),

the same entry as WIP will have to be passed at the time of reporting
FG A/c Dr 
  To Lot Result  


On Sale of the FG
the Production order Lot No is available 

The elememt of Production variance  & lot var needs to be loaded into the cost of goods sold
hence a jv needs to passed enery time this entry is generated. 
The entry will be
cost of goods sold a/c dr
   to Fg
( this will be the element of the Production result and lot variance )