Re: Inv transfer Question.

Hey Group,

I have an account that has 2 physical plants. They transfer some
component items from one to another. The issue is they would like to
apply a different cost to the component at the receiving facility to
include the freight cost.
We are discussing setting up 2 Sites (EPDM).

The question is we transfer the inventory from one to another, we do not
sell it. example: if the cost is 1.00 at the production location, Plant A
and 1.25 at the receiving location, Plant B. (Std Cost).

When we transfer the component we can credit Plant A's inventory for 1.00
and debit intransit for 1.00. (IW). What do we do when we receive at
plant B? The inventory will be received at 1.25 (RW).

We could debit the Inv account - plant B, and credit another intransit -
in for the 1.25. But how do we clear the delta at the end of the month
between the two intransit accounts? (.25)

I think we would need to clear these two accounts with a journal entry
and the delta hit an Inventory adjustment account. (add up IWs against
RWs).

Any other thoughts?

Gathering info.

Thanks,

Jeff
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