How to determine raw material, wip,fg

Originally posted by : sathish
	Hi, Please clear my below doubt. 1)For Product A, 2)Raw Material B & C are used,after processing stage 1 they are sent out for another process. 3)Now, when sending out for job order how to invoice it. whether new part no has to be created under semifinished goods or it can be invoiced under Product A. 4) If new part no has to be created under WIP. then when this part comes back how it will be mapped to product A as there are still two more process pending to derive product A. Thanks in advance.

All items that that are procured to manufacture a particular item is called Raw Material & is grouped under the group 'Raw Materials', where as, a product whose shape has changed, but has not reached its finished stage is called Semi-finished item. These items will be grouped under the Group 'Work-in-Progress' and any item that is changed its shape / nature completely and reached the final form is called finished Goods and is grouped under 'Finished goods' group.