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Purchase Order Receipts - with Non-Acquisition Cost
Purchase Order Receipts - with Non-Acquisition Cost
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1
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unit received
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|
12.0000000
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standard acquisition cost per unit at time of receipt
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|
12.0000000
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accounting acquisition cost per unit at period end
|
|
2.0000000
|
non-acquisition cost
|
|
12.5000000
|
purchase cost (as defined on purchase order)
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|
DR
|
Inventory
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14.00
|
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DR
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Purchase Price Variance
|
.50
|
|
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CR Accrued Purchase Receipts
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12.50
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|
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CR Non-Acquisition Cost Accrual
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2.00
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The inventory cost per unit is the sum of the acquisition and non-acquisition costs. Non-acquisition costs may be defined for the part to reflect costs that are not paid to the vendor, such as freight. Multiple types of non-acquisition costs may be defined for each part, resulting in multiple expense entries, each to a different account. Purchase price variance is calculated against acquisition costs only.