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Scenario 2 in Inventory Adjustment

 

 

 

Scenario 2           Inventory Adjustment on quantity decrease with different unit cost

 

1.This inventory adjustment decreases the number of inventories on hand by two and the total value of the inventories on hand by $700.

          Picture below is the inventory detail picture before transaction.

          

 

2.User inputs -2, 350 and account 8-2000 as follows. In the item transaction list, there is a transaction.

          

 

          

 

 

          8-2000 this account will debit out $700.00 (this is the account you input in the inventory adjustment)

          1-1110 will credit in $700.00 (this is the account for inventory account for this item)

 

          

 

          Quantity on hand =102 - 2 = 100

          Current Value = 881.82 - 700 =181.82

          Average cost = 181.82 / 100 = 1.8182

          Available = 102 - 2 = 100

 

 

 

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