Quantity Adjustment Accounting Considerations
This topic describes quantity adjustment accounting considerations.
The adjust transaction creates records in the IC Dist Journal in the General Ledger. The quantity adjusted (the difference between the old quantity and the new quantity) is multiplied by the unit cost. If Actual costing is specified on the System Parameters form, these costs are used for the different cost flow methods:
- Average Costing - Items Unit Cost
- Specific Costing - cost at the location being adjusted
- LIFO/FIFO Costing - cost of the last record in the stack
If Standard costing is specified in the System Parameters, the Standard costing unit cost is used.
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