Hello All,
I have my stock valuation setup at Standard Costing - STD.
But, I would like to bring in stock into inventory at a lower cost than standard cost whenever a misc. receipt of stock is created for a particular item. We usually do a misc. receipt when we bring used stock without a purchase order. Is this possible?
Thank you,
Sharat Prakash
This is possible by standard setup but I strongly recommend you not to do this. The main principle of using standard cost is to ensure you stock value can be explained by Quantity in stock X Unit standard cost. This won't be the case anymore if misc. receipt are not valued at the standard cost.
Another reason, let's say you have a standard cost at $10 and you create a misc. receipt at $2. When you will issue this stock the standard cost will be used. As a result you will have in your GL -$8 but no stock !!
But if you knwo what you are doing, then I can tell you on the stock valuation method you have exception rules you can set on each receipt movements (including misc. receipt). Hence you can set misc. receipt based on the revised cost or on the order price (price field entered in the misc. receipt transaction).
Note this exception rule can be limited to a single entry transaction by using stock movement code (TRSCOD field on the 2nd column).
