Material Costs of MRP Process Costing based on Fifo / Average Cost / Standard Cost

Fifo / Average Cost / Standard Cost based Material Costs for Manufacturing Process Costing

Manufacturing / Production Order Process Costing Odoo App

This app provides features of Cost / Unit (Inventory Valuation) that will be computed at the time of the manufacturing order done only, before the manufacturing order is done it will be displayed as standard cost from product form. Also note that Cost / Unit (Inventory Valuation) will be computed using product configuration based on costing methods (like FiFo, Average Cost, and Standard Cost) as shown in the below screenshots and shown in the video.

• Manufacturing materials costs with product costing method Fifo, average cost, and standard cost. The system will show you material costs by considering product configuration for the costing method (Odoo standard).
• This app provides features of Cost / Unit (Inventory Valuation) that will be computed at the time of the manufacturing order done only, before the manufacturing order is done it will be displayed as standard cost from product form. Also note that Cost / Unit (Inventory Valuation) will be computed using product configuration based on costing methods (like FiFo, Average Cost, and Standard Cost).
• System will use valuation records to fetch FIFO / Average Cost of material products and set automatically on the tab as shown in below screenshots.
• System will also show you cost of finished product based on materials costs using FIFO / Average Cost, please note that this cost will be shown only when MRP is done.
• For more details, please watch the video and check the below screenshots. Please note that this app does not create any accounting/journal entries.

Manufacturing Order (Odoo standard) Showing Material Cost (Same as Standard Cost) Before Done - If MRP is not done then system will show Material Cost same as Standard Cost of the Product

Material Costs after making MRP Order Done - System will Automatically Fetch Cost of Material Used in the Tab and Show Material Cost with Fifo Costing Method

Valuation Button (Odoo Standard)

Once MRP is done System will Feature Real Cost based on Costing Method Fifo from here valuation record

Once MRP is done System will Feature Real Cost based on Costing Method Fifo from here valuation record

Print Production Order Cost Report Menu

PDF Report for Manufacturing Orders with Direct Material Cost (Inventory Valuation)

Manufacturing Order (Odoo standard) Showing Material Cost (Same as Standard Cost) Before Done - If MRP is not done then the system will show Material Cost same as Standard Cost of the Product

Material Costs after making MRP Order Done - System will Automatically Fetch the Cost of Material Used in the Tab and Show Material Cost with Average Costing Method

Valuation Button (Odoo standard)

Once MRP is done System will Feature Real Cost based on Costing Method Fifo from here valuation record

Once MRP is done System will Feature Real Cost based on Costing Method Fifo from here valuation record

Print Production Order Cost Report Menu

PDF Report for Manufacturing Orders with Direct Material Cost (Inventory Valuation)

Contact / Support
Introducing Probuse Consulting Services Pvt. Ltd.

If you need any help or want more additional features, you may contact us through:
Email: contact@probuse.com
Website: www.probuse.com
Skype: mustufa_probuse