Could you please define your statement "Joint product in Manufacturing"
After a Production Run to Manufacture a particular chemical compound a new By product emerges out of the system. Thus the costs are bifurcated at the "split up" point. How this By-product's costing will be mapped ?
It may so happen that this by-product undergoes further processing to emerge into another product. In that process say a new by product can emerge.
When you create the production BOM do you know that it will be a "by product"? I so then enter a line with a negative quantity. This will create a negative consumtion which meens that you'll have a positive inventory of the by product". I recomend using Standard as costing method for the by product.
If you don't know if you're going to have a "by prodcut" then when it happens post a negativ consumtion for your "by product".
Comments
After a Production Run to Manufacture a particular chemical compound a new By product emerges out of the system. Thus the costs are bifurcated at the "split up" point. How this By-product's costing will be mapped ?
It may so happen that this by-product undergoes further processing to emerge into another product. In that process say a new by product can emerge.
If you don't know if you're going to have a "by prodcut" then when it happens post a negativ consumtion for your "by product".
NAV Freelance Consultant