Inventory Opening for Finished Goods

hardikit

Hi All,

I am entering the opening entries or Finished Goods.

Costing Method is Standard. when i try to enter through Item Journal
it is not allowing me to enter Unit Amount.

What is the solution for that?

Please guide me it is urgent

DaveT

Hi,

By entering a costing method of standard you are telling the system not to allow a different price on the item journal. You can enter the standard price on the item card (assuming no movement of the item) and the journal will then use that standard price in the journal.

bbrown

You can enter a different "Unit Amount" into the Item Journal when using "Standard Cost" items. "Unit Cost" is the field that can't be changed. The difference between "Unit Cost" and "Unit Price" is posted to the variance account.

DaveT

Hi BBrown,

You're correct on sales and purchases but on positive/negative adjustments it give an error

You cannot change the Unit Amont when Cost Method is Standard

I just assumed that the type hardikit was using was positive adjustment.
Should have clarified that - thanks

hardikit

Hi,

Thanks for the reply. Now i have a problem like how to enter opening for item with variants having costing method as standard?

We have standard cost with item card not with variants

Please help thi is urgent

bbrown

Costing is at the item level and not the variant level. They will all have the same standard cost.

hardikit

Dear Brown,

thnx for your reply.

But i have a different condition. Client ia having same item but with different specifications and thats why for each combination of specification, Item cost is varrying.

So now how to do the openinig entries?

bbrown

The standard system does not have costing at the variant level. This leaves you with 2 options that I can see.

1. Treat each version as a different item.

2. Modify the system to support variant level standard costing.

David_Singleton

bbrown wrote:

The standard system does not have costing at the variant level. ...

:shock: since when? This was introduced in Navision Solutions version 3.00 and to the best of my knowledge is still in NAV 5.1.

PS its was also available in 2.01 and 2.6 with the Advanced Distribution version/add-on. But implemented somewhat differently.

bbrown

David Singleton wrote:

bbrown wrote:

The standard system does not have costing at the variant level. ...

:shock: since when? This was introduced in Navision Solutions version 3.00 and to the best of my knowledge is still in NAV 5.1.

PS its was also available in 2.01 and 2.6 with the Advanced Distribution version/add-on. But implemented somewhat differently.

:oops:

I should learn to make coffee BEFORE I answer questions. Yes you can have variant level cost.

Jumping in too many directions this morning. Sorry for the misleading answer.

David_Singleton

you had me worried there a bit, you were so adamant that and I had to go and check 5.00 SP1 in case maybe it had been removed. I use this feature a lot, and was a bit concerned.

bbrown

The way I'm familiar with is by using Stockkeeping units. Is that how you do it? Or is there another way?

David_Singleton

SKUs is the way correct.