Completion and costing

Warehouse Manager checks that the terminal entry represents accepted finished units and that its quantity fits the build. The confirmation has its own reviewer and decision. Posting the completion creates the stock event for the output and relieves the allocated work in process. Repeating the same event must not create a second batch of stock. The resulting inventory position carries ownership, location, custody and quantity for later fulfillment.

Work order cost entries explain the input side. Material issue, material return, labour, overhead, completion relief and scrap have distinct kinds. Their amounts, allocation and status show what was recognized and what remains. A build that completed fewer units than planned can retain a residual cost or quantity issue. Closing it requires the residual variance to be zero or an independent decision that explains the difference.

• Output evidence. A terminal production entry and completion define finished quantity and reviewer.
• Cost evidence. Work order cost entries retain the source and amount of material, labour, overhead and relief.
• Stock effect. A posted stock event creates a position and layer for accepted kit output.

Finance Manager and Warehouse Manager should agree which standard cost version applies to a released kit and what variance needs an independent review. Confirm how a partial completion is handled when remaining operations continue. Decide where finished kits are placed before picking and whether lot identity is required. A location called production should not become available pick stock by a mere status edit.

Rehearse a build that uses more component material than planned. Keep the actual issue and cost entry. Compare allocated work in process with the standard value of the accepted output. The reviewer can then see a real variance rather than a recalculated historical standard. Decide the appropriate disposition before close.

Complete the terminal operation for a portion of a released kit build. Prepare a completion for exactly that quantity, with a destination location and lot where required. Review the associated material, labour and overhead entries. Approve and post the completion, then inspect the new stock position and its originating event. Try to close while an unexplained residual remains; the manager should route that variance to an independent decision. After resolution, close the build and retain both the original costs and the close evidence.

• Completion approvals — Output quantities and variances waiting for review.
• Build status board — Work that is complete, partly complete or pending close.
• Available stock positions — Inspect the position and location of posted kit output.

Read assembly and completion and ship and deliver.