According to "Average of Inputs"
Carrying Over Quantity = Inventory Quantity + Consignment Output Quantity
Carrying Over Cost = (Inventory Unit Cost * Inventory Quantity) + (Consignment Output Quantity in Each Slip*The Transaction's Unit Cost)
Consignment output transactions' costs are calculated over unit costs transferred from previous period.
When calculating costs according to the "average of inputs", the output slips within period are not considered. But if there are consignment output slips come by carrying over, these are evaluated as if they are negative (-) directional input slips and effect costs. Thus, it is provided that the stock costs, which remained after consignment outputs, are same with the previous period costs.
The formula to be applied in this step:
Inventory Unit Cost = Carrying Over Cost - (consignment unit cost in each slip) / Carrying Over Quantity – Consignment Output Quantity
According to "Average of On Hand"
Carrying Over Quantity = Inventory Quantity + Consignment Output Quantity
Carrying Over Cost = (Inventory Unit Cost * Inventory Quantity) + (Consignment Output Quantity in Each Slip*The Transaction's Unit Cost)
When calculating costs according to the "average of on hand" if there are consignment output slips come by carrying over, these are evaluated as if they are negative (-) directional input slips and effect costs. Thus, it is provided that the stock costs, which remained after consignment outputs, are same with the previous period costs.
The formula to be applied in this step:
Inventory Unit Cost = Carrying Over Cost - (consignment unit cost in each slip) / Carrying Over Quantity – Consignment Output Quantity
According to FIFO
In addition to generated inventory transfer transactions by this method; a separate line has to be added for each consignment output transaction. That is to say, in opening slip, firstly the transfer lines belong to the consignment outputs and then the lines relating to the inventory transfer have to take place.
Consignment output quantity takes place as quantity and consignment output unit cost takes place as unit price in transfer lines belong to the consignment output transactions.
Consignment output transaction's cost is calculated over the costs transferred from previous period.
After carrying over, when "Detailed Cost Analysis" report is taken, each consignment output transaction should be seen as if the transfer line's output that added for its own.
According to LIFO
In addition to generated inventory transfer transactions by this method; a separate line has to be added for each consignment output transaction. But, differently from FIFO, in opening slip, firstly the lines in related to inventory transfer and then the transfer lines belong consignment output have to take place in.
Consignment output quantity takes place as quantity and consignment output unit cost takes place as unit price in transfer lines belong to the consignment output transactions.
Consignment output transaction's cost is calculated over the costs transferred from previous period.
After carrying over, when "Detailed Cost Analysis" report is taken, each consignment output transaction should be seen as if the transfer line's output that added for its own. (According to LIFO)
According to "Periodic Average"
Carrying Over Quantity = Inventory Quantity + Consignment Output Quantity
Carrying Over Cost = (Inventory Unit Cost * Inventory Quantity) + (Consignment Output Quantity in Each Slip * The Transaction's Unit Cost)
Consignment output transactions' costs are calculated over unit costs transferred from previous period.
When calculating costs according to the "periodic average", the output slips within period are not considered. But if there are consignment output slips come by carrying over, these are evaluated as if they are negative (-) directional input slips and effect costs.
So after consignment output, remaining materials' costs are provided to be same with previous period.
The formula to be applied in this step:
Inventory Unit Cost = Carrying Over Cost - (Consignment Unit Cost in Each Slip) / Carrying Over Quantity – Consignment Output Quantity
According to "Physical Cost" Method
Same with consignment transfer by FIFO method.
Consignment Input/Output Return Slips: Cannot be transferred.
Opening Slips:
Opening slips are generated for each warehouse (that has transaction) separately.
Slip date is the start date of the new fiscal period. Slip time info comes as "00.00.01".
Last inventory quantity basis on warehouse comes as quantity. Negative quantities do not take place in opening slips.
According to selected costing type, the calculated unit cost basis on warehouse is transferred to unit price field.
In slips generated according to Average of Inputs and Average Of On Hand costing systems, each material takes place in a single line. In FIFO or LIFO costing systems instead, if different price entries are done for materials, there will be more than one line for the same material.
F. Currency Window:
Unit Price (Reporting Currency): If there is no consignment output transferred from that warehouse, the stock quantity's (of the related warehouse) unit cost in reporting currency is transferred. If there are consignment outputs transferred from that warehouse, their unit costs in reporting currency are transferred according to the effects of consignment outputs to the opening slips.
Reporting Currency Exchange Rate: Unit cost in local currency type / Unit cost in reporting currency type.