Procedure for testing Cost Accounting transactions

1) Create an item with a list price of 2 USD

2) Create a PO and change the price to 1. Set the RR to Direct
3) Receive into sub inventory. Note down the PO number and GRN number
4) Transfer transactions from receiving to costing
5) Create Receipt accounting distributions and observe the results
6) Run Create accounting
7) The journal entries will have a red mark
8) Transfer transactions from inventory to Costing
9) Open the costing periods
10) Create the run control for your cost org
11) Click on Schedule process to create Cost accounting distributions
12) observe the results
13) Verify the item cost as 1 USD
14) Run Create accounting for Cost accounting distributions.
15) It will also show the red icon in Journal entries
16) Set the Receiving inspection account to 1002 and Inventory valuation account to
1000 in Manage mapping Set
17) Logout and Login
18) Duplicate the above PO for 2 USD price
17) Receive into inventory and note down the GRN number
18) Transfer transactions from Receiving to Costing
19) Create Receipt accounting distributions
20) Run Create accounting. This time it will be success
21) Review receipt accounting distributions for journal entries. There will be no red
mark.
22) Transfer transactions from Inventory to Costing
23) Run the bug fixing routing in three steps
24) Delete the run control details, save and close as step 1
25) Introduce the run control , save and close as step 2
26) Create cost accounting distributions for your run control ( Click on Scheduled
process)
27) Observe the results in Review cost Accounting distributions
28) Run Create accounting.
29) Again review cost accounting distributions...This time there will be no red mark on
the journal entries
30) Observe the item cost as 1.5 ( Average cost )