Hi Jyosh,
Also, pls follow the below sequence for your CO month end activities(based on your requirement)
| Sl. | Period End Activity | Tcode |
| 1 | Clearance COGI list | COGI |
| 2 | Marking Production Orders as TECO | CO02/COHV |
| 3 | MM period end | MMPV |
| 4 | FI Closing | |
| 5 | Distribution Cycle | KSV5 |
| 6 | Assessment Cycle | KSU5 |
| 8 | Indirect Activity Allocation Cycle | KSC5 |
| 9 | Calculate Actual Activity Price | KSII |
| 10 | Revaluation of production order | MFN1/CON2 |
| 11 | Actual OH calculation | KGI2/CO43 |
| 12 | Change Wip Cut-off Period | KKA0 |
| 13 | WIP calculation | KKA0 |
| 14 | Variance Calculation | KKS1/KKS2 |
| 15 | Settlement | CO88/KO88 |
Also, observe that at the time of calculation of WIP no accounting entry generated and just store the WIP value in RA key. At the time of settlement of order only WIP entry will be generated.
The below are accounting entries in CO month end activity:
1. Actual Activity Price Calculation - KSII No Accounting and CO entry
2. Revaluation of production order:
No FI entry
CO Entry: (MFN1/CON2)
Dr/Cr. Production Order
Cr/Dr. Cost Center
3. Actual Overhead Calculation:
No FI entry
CO Entry: (KGI2/CO43)
Dr. Production Order
Cr. Cost Center
4. WIP Calculation: (KKAX/KKAO)
Only calculate WIP and stores the value in RA key. No FI and CO entries.
5. Variance: (KKS1/KKS2)
No FI and CO entries
6. Settlement: (KO88/CO88)
Here, entries will be generated for WIP and Variance categories will be transfer to Costing-based COPA.
WIP entry:
Dr/Cr. WIP B/S A/c
Cr/Dr. WIP P&L A/c
Varaince entry:
Dr/Cr. Production Variance A/c
Cr/Dr. COGM
Regards
Srinivas Salpala