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We are on BPCS 8.0, with frozen standard costs. Our Accounting people cost individual transactions into and out of shop order WIP, in order to (among other things) maintain a balance of parts charged into WIP, but we have difficulty comparing this book balance to a stock record at month-end. This is a substantial asset, and we need a way to reconcile its accuracy.. With parts inventory, the book balance can be compared to the month-end by applying standard costs to the month-end inventory balance. What methods are people using to generate the same sort of comparison for WIP? Dick Bailey MCFA, Inc.
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