Defining finished goods

A finished good is composed of components, packaging, burdens, byproducts, and comments. The cost of a finished good is the sum of its components and its burden costs (costs of production such as machine setup time, labor, allocated rent, and so on).

Finished goods must be defined as items in the Inventory Control application before you can create a bill of material. They are set up as inventoried items at the production facility.

See Finished good bill of materials for more details.

Define finished goods

Access Finished Goods (IC62.1) to add a finished good.
Select the company, location, and item to which you want to add a finished good.
Select the status, Active or Inactive. If you select Inactive, the finished good cannot be produced in the Production Order application.

Select one of these tabs to add details to a finished good.


Select this tab	To add
Finished Good	Stock unit of measure, quantity and cost tolerance percentages. You can copy a finished good that is set up at one company and location to another company and/or location. Click the Byproducts button to add byproducts that are produced as a result of producing the finished good. Note: Assigning tolerances to finished goods or their components will not prevent a work order from completing outside of the tolerance. Instead, the application issues a warning to the user.
Components	Components, locations, quantities, start and stop dates, component types, and zero quantity tolerance. Click the Account button to select an account for posting component waste and material expense. The C (Component) button displays if the component is also a finished good. Click this button to inquire on the finished good's components.
Burdens	Burdens and burden type estimates (flat amount, amount per finished good unit, percent of finished good inventory cost, or amount per burden unit).
Scheduling	Finished good quantity limits and the length of scheduling periods. These two values default to Production Schedule (WO20.1).
Accounts	General ledger accounts to a finished good. These accounts default to work orders that make a specific finished good. Note: If the days in which you produce a finished good must occur in consecutive days, select the Contiguous Process flag on the Finished Good tab.

Optional. To attach assembly instructions to a finished good item number:
- After typing the item number, press Control + Shift + T to bring up the Attachments window.
- Type the assembly instructions.
Optional. To change a finished good to a make-to-order kit, select the Make Code form action.

Finished goods have a make code of S (Make-to-Stock). To change a finished good to a make-to-order kit, you must first delete any byproducts, burdens, and comments assigned to the finished good.

Related reports and inquiries


To	Use
List finished goods for a company and location (leave the Finished Good field blank to list all finished goods for a company and location)	Finished Good Listing (IC262)
Inquire on all kits that are associated with a component	Component Where Used (IC65.1)
Inquire on components that are available for a finished good Note: To inquire on availability at substitute locations, you must define substitute locations and select Yes in the Check Substitute Location field.	Finished Good Component Availability (IC68.1)