Cleveland8888
Member
We are on a standard cost system and want to report all inventory balances at standard, but JDE values labor reported into WIP inventory by multiplying our dept standard labor rates by actual time reported. (On the IH doc type)
Is there an option to change this so the IH labor value is reported at standard - the dept standard rate * routing standard labor rate?
We have a few thousand work orders open at any one time and cannot realistically close them all to clear wip at the end of each month. The only workaround we have come up with so far is booking a manual journal entry each month based on a custom built report that values open work orders at standard, but this is not ideal or predictable.
Thanks
Is there an option to change this so the IH labor value is reported at standard - the dept standard rate * routing standard labor rate?
We have a few thousand work orders open at any one time and cannot realistically close them all to clear wip at the end of each month. The only workaround we have come up with so far is booking a manual journal entry each month based on a custom built report that values open work orders at standard, but this is not ideal or predictable.
Thanks