Using Inventory Control with Project and Job Costing

Inventory Control fully supports Project and Job Costing.

Inventory Control determines the costs for material usage and return transactions that you process in Project and Job Costing, as follows:

• When you post a material usage transaction, then run Day End in Inventory Control, Inventory Control determines the cost of items and creates the journal entries that debit Work In Progress (WIP) and credit Inventory Control (and credit Overhead, if appropriate).
• When you post a material return transaction, Inventory Control creates the same journal entry, but reverses the debit and credit entries.
• When you print reports, the Shipment Posting Journal will show Job-related details.