Postings for Shipping
When you record the shipment of an item, that transaction posts to a different account depending on the type of item. This sample ledger shows how shipping posts for standard or weighted average costing methods:
| Date | Transaction/Accounts | Debit | Credit |
|---|---|---|---|
| Jan. 3 | Make to order | ||
| Product class COGS | 76 | ||
| Product class WIP Matl/Lbr/Ovhd | 76 | ||
| Jan. 4 | Make to stock | ||
| Product class COGS material | 34 | ||
| Product class inventory | 34 | ||
| Jan. 5 | Buy to order | ||
| Product class COGS material | 56 | ||
| Buy/resell account | 56 |