RE: Average Cost Help

["Nandagopal Padmanabhan" <npadmanabhan@xxxxxxxxxxxxxx>]

I did think about a CR trasnaction, but performing a CR would post the 
difference in costs (old - new) to a "change in avg cost" variance acct. Our 
finance dept. doesn't like that!!! I'm trying to figure out other ways!!

-----Original Message-----
From: mandis-inc@xxxxxxx [mailto:mandis-inc@xxxxxxx]
Sent: Tuesday, November 11, 2003 11:08 AM
To: MAPICS ERP System Discussion
Subject: Re: Average Cost Help


Refer to the IM manual, chapter 5 (Transaction Processing) and Appendix E 
same manual.

Review the CR transaction (Average Cost Replace) to adjust the average cost

--
Best regards,

Mike Dreimiller
Mandis Inc.
410-526-5996
Mandis-Inc@xxxxxxx
> Hello Group,
> I have a situation here where the buyer had typed in an incorrect purchase 
> price 
> on the PO. The actual average cost of the item is $20, but the purchase price 
> on 
> the PO was incorrectly keyed in as $4300. Our warehouse did an RP transaction 
> after receiving the item and the average cost is all messed up in the system 
> as 
> we had around qty 200 of that item (valued at $20) prior to the RP 
> transaction. 
> 
> Question: what do I do to fix the problem and correct the avg cost! Also, 
> what 
> is the exact avg cost formula that MAPICS uses if a 15% overhead is added. 
> Let 
> me know if more info is needed. 
> 
> Thanks,
> Nandu
> 
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