Last updated on APRIL 18, 2015
Applies to:Oracle Cost Management - Version 12.1.3 and later
Oracle Landed Cost Management - Version 12.1.3 and later
Information in this document applies to any platform.
Question regarding Landed Cost Management (LCM) functionality for Return to Vendor (RTV) in Average Costing Organization. Should the freight of returned items be included in remaining items cost calculation?
After deliver to inventory, vendor return is done, this reverses the receiving account with the LCM absorption account. This reversal entry is for the charges calculated in LCM .
The vendor return is reversing the LCM amount also, the Weighted Average Cost (WAC) remains same for the item, where is this LCM reversal is going.
Only the purchase price can be debited to supplier and not the freight and other charges.
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
Million Knowledge Articles and hundreds of Community platforms