Fine Gold..Unit is Grams (3 decimal digit) is the Raw material
Gold Ornaments…Unit is Grams (3 decimal digits) & Pcs.(Nos.)…Finished Goods
Purchase (Pur/001 dated 02.04.01) : Cash Purchase of fine Gold 1000 grams @Rs. 405/- per grams
Issue through Stock Outward(Stissue/001 dated 03.04.01) : Fine gold issue to contractor (an external party) Mr.Raman Soni for making gold ornaments through stock out entry under manufacturing voucher. Issued 200 grams of fine gold to Raman soni.
Formula created namely “style 101” :
For 100 grams of gold ornaments, 90 grams of fine gold is required. Which we have defined under process. We have entered Silver of 10Gm to meet up 100 gms despatch. You can ignore this also.
Note :The Finished goods is Necklace Style 101
Received thru Stock Inward (StRec/001 dated 04.04.01) : We recd. one Pcs. Gold ornaments of 110 grams through stock in transaction.
The item is Necklace Style 101
If we see the contractor register it shows remaining fine gold left is 101 gms. Issue: 200 gms, recd.: 90/100*110=99 Balance: 101grams.
Seperate Formula created namely Style 102 : The process applicable in this transaction is for 100 grams of gold ornaments, 95 grams of fine gold is required. This we have defined again as second process.
Note : The Finished goods is Necklace Style 102
Stock inward (StRec/002 dated 06.04.01) : We recd. one pcs. Gold ornaments of 100 grams through stock in transaction.