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+--- Thread: HELP: Special Pricing offset to disc. Inventory (/thread-help-special-pricing-offset-to-disc-inventory)
HELP: Special Pricing offset to disc. Inventory - tcmazz - 09-09-2010
I do purchasing and I was able to negotiate with my supplier discounted container pricing what that means is normally I buy my material lets say at $15/ syd.
I was able to negotiate my container buys to $12/syd under the understanding that the savings would be used to write-down discontinued and or aged inventory.
So my transactions are as noted below
Purchase PO at $12/syd
The material is received @ $12/syd
Then an adjustment is done to write-up the material recd to the standard cost of $15/syd
Followed by
An adjustment down by $3/syd to write-down my discontinued and or aged inventory
Any guidance on this would be helpful, I just want to make sure theres isnt any issues with this?
Thanks Tony Mazz