Completed Project Method (COGS)Select this method to calculate COGS on completion of a contract. When to use this method This method is used when you prefer to calculate COGS only on completion of the contract. Calculation of COGS COGS = COGS Percentage Completed * Estimate at Completion(EAC) Revenue recognized = Percentage Complete * Contract Amount When calculating the COGS, Infor LN also considers the loss component. In which case: COGS = Revenue + Loss; where in Loss = Contract Amount - EAC (estimate-at-completion) Levels at which it can be recognized:
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