Postings for Issues from Inventory
You can issue parts from inventory for a job or sales order, or you can scrap. This sample ledger shows how issues from inventory transactions post for standard costing or weighted average costing methods.
Standard or Weighted Average Costing
| Date | Transaction/Accounts | Debit | Credit |
|---|---|---|---|
| July 1 | Issue from inventory to job | ||
| Product class WIP material | 90 | ||
| Product class inventory | 90 | ||
| July 3 | Issue to scrap | ||
| GL Scrap Account | 30 | ||
| Product class inventory | 30 |