Work Order WIP discrepancy issue

Hi All,

Came across an issue in Work Order I was hoping someone might be able to shed some light on -  for a given work order, we are simply issuing the necessary raw materials out of inventory for the work order, then completing the finished goods, however the cost of the finished good comes out to less than the material we pulled out (leaving a balance in the WIP account).  Both raw materials and finished good are FIFO valuation.  Any advice on what we might do to investigate/troubleshoot this?  Let me know if I can provide any additional information.  Thanks!

Parents Reply
  • 0 in reply to Justin K

    Actually I found that the discrepancy comes from the fact we did not ultimately complete the number that was 'planned' on the work order? (i.e. 'planned' 6000, but only issued material for 4000, and 'completed' 4000).  But just not sure why the resulting WIP transactions work out the way we do if we ultimately only issues parts for 4000 and completed 4000 of the finished good?