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HELP: Special Pricing offset to disc. Inventory
09-09-2010, 06:53 AM,
#1
HELP: Special Pricing offset to disc. Inventory
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
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