In SAP MM Inventory Management, review the slides and deduce the correct Account Posting for the scenario.
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(only one answer)
A) Debit stock (grade 1) $100, Credit stock (grade 3) $70, Credit Gain in inventory $30
B) Debit stock (grade 1) $70, Credit stock (grade 3) $70
C) Debit stock (grade 1) $40, Debit Gain in inventory $30, Credit stock (grade 3) $70
D) Debit stock (grade 1) $70, Credit stock (grade 3) $70, Credit Loss in inventory $30
E) Debit stock (grade 1) $100, Credit stock (grade 3) $100
.
(only one answer)
A) Debit stock (grade 1) $100, Credit stock (grade 3) $70, Credit Gain in inventory $30
B) Debit stock (grade 1) $70, Credit stock (grade 3) $70
C) Debit stock (grade 1) $40, Debit Gain in inventory $30, Credit stock (grade 3) $70
D) Debit stock (grade 1) $70, Credit stock (grade 3) $70, Credit Loss in inventory $30
E) Debit stock (grade 1) $100, Credit stock (grade 3) $100
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Answer: A
ReplyDeleteThe Critical factor is the source material is of MAP and destination material Standard Price.
ReplyDeleteWhile we have to credit the source material (ie grade 3) with its current MAP of $70.
We cannot debit $70 to grade 1 as it is Standard Price, so we have to debit $100 (current std price of grade 1)
the balance is Gain in inventory $30 as a credit posting.