Example: Landed Cost Actual Costing

In the following example, the quantity used is 200.

Part Number jw-lc

Costs	Current
Material	$4.00
Duty	$0.50
Freight	$0.25
Brokerage	$0.10
Insurance	$0.10
Local Freight	$0.10
Totals	$5.05

Vendor 2 jw-lc

Quantity Break	Material Cost
100.00	$4.00
200.00	$3.75
300.00	$3.50
400.00	$3.25
500.00	$3.00

Receiving	Debit	Credit
Inventory	$4.80
Vouchers Payable		$3.75
Duty Payable		$0.50
Freight Payable		$0.25
Brokerage Payable		$0.10
Insurance Payable		$0.10
Local Freight Payable		$0.10

Create Voucher from PO:

Voucher Distribution Totals
Duty	$0.55	Expense is $0.05 more than receiving
Freight	$0.20	Expense is $0.05 less than receiving
Brokerage	$0.15	Expense is $0.05 more than receiving

Voucher Distribution (Additional Expense x Qty)	Debit	Credit
Inv Adjustment	$10.00
Duty Payable		$10.00
Freight Payable	$10.00
Brokerage Payable		$10.00
Inv Adjustment Var	$10.00

Voucher Posting	Debit	Credit
Accounts Payable		$960.00 (4.80 x 200)
Brokerage Payable	$20 (0.10 x 200)
Duties Payable	$100 (0.50 x 200)
Freight Payable	$50 (0.25 x 200)
Insurance Payable	$20 (0.10 x 200)
Local Freight Payable	$20 (0.10 x 200)
Vouchers Payable	$750 (3.75 x 200)