I have purchased one material from Vendor X for Rs 2000 per pc total qty 2 total amt 4000 and bear transportation cost from Vendor Y for Rs 1000 now I want to allocate the cost to this material so that my material cost price is 2500. How can i allocate this to the material?
1. Create new cost element. Name: Freight Cost Element Type: Material Costing Method: Blank
2. Change accounting on Product window. Make Cost Adjustment same as Product Asset to *-14120-_-_-_-_-_
3. On vendor Y invoice Landed Cost tab, choose the Cost Element you created in step 1, and receipt to MM Receipt (must be received first), click Distribute Costs
You will see the result on Landed Cost Allocation.