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Material Cost Type/Loc File MaintenanceApplication Overview
Material Cost Type/Loc File Maintenance allows you to keep track of inventory cost by material cost type within a particular location. If you are using multiple warehouses and you wish to track costs within warehouses, simply enter a material cost type account for each warehouse. The Customer Order Processing package will post the cost of each item sold to the correct inventory asset account. The Purchase Order package will utilize the asset account when purchase orders are entered. Inventory Transaction Processing will also use the asset accounts to distribute transactions.
The purchase price variance account will be used by the Accounts Payable package to accumulate differences between an item's invoiced amount and its received cost in the Purchase Order and Receiving package. It will also be used if I/M Setup is set to create automatic distributions during the posting of physical count tags. Run Instructions
Select Material Cost Type/Loc File from the pull down I/M Maintenance window. The following screen will then be displayed:
Material Cost Type/Loc File Maintenance Entry Screen
The following options are available:
* Select the desired mode from the Material Cost Type/Loc Acct File menu bar * Enter the data requested on the screen
To return to the menu bar, press the ESC or F10 key. To leave this application, press X for EXIT when positioned at the menu bar. Entry Field Descriptions
Material Cost Type/Loc File Maintenance
M A T E R I A L C O S T T Y P E / L O C A C C O U N T L I S T
Material Inventory Purch Price Cost Type Description Location Asset Acct Variance Acct
1 Raw Materials LA Los Angeles 01100‑00000‑00000 04230‑00000‑00000 2 Chemical LA Los Angeles 01180‑00000‑00000 04220‑00000‑00000 3 Components/Assm LA Los Angeles 01105‑00000‑00000 04230‑00000‑00000 A Other Fin Goods LA Los Angeles 01140‑00000‑00000 00000‑00000‑00000 F Feature Items LA Los Angeles 01140‑10000‑00000 07030‑10000‑00000 K Kit Finish/Good LA Los Angeles 01190‑00000‑00000 00000‑00000‑00000 O Feature Options LA Los Angeles 01140‑20000‑00000 07030‑10000‑00000 X Kit Component LA Los Angeles 01190‑10000‑00000 00000‑00000‑00000
8 Material Cost Type/Loc Accts On File
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