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Exam MB-800 topic 4 question 19 discussion

Actual exam question from Microsoft's MB-800
Question #: 19
Topic #: 4
[All MB-800 Questions]

A company uses the average costing method and inventory periods. Automatic Cost Posting is not enabled.
You close the inventory period for July 2020. You set the value of the Allow Posting From field in General Ledger Setup to August 1, 2020.
You receive and post a purchase invoice for freight charges on August 8, 2020 against a purchase invoice that was posted on July 15, 2020. You run the Adjust cost `" Item entries batch job for August.
You need to identify the adjustment entry related to July after running the batch job.
Which date is automatically selected for the value entry by batch job?

  • A. July 15, 2020
  • B. August 8, 2020
  • C. August 1, 2020
  • D. July 1, 2020
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Suggested Answer: C 🗳️
by Cica at Jan. 25, 2022, 12:49 p.m.

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ivanrlg
Highly Voted 7 months, 2 weeks ago
Selected Answer: C
When you run the "Adjust Cost - Item Entries" batch job for August, the system will create adjustment entries for the changes in costs that occurred in August, including the freight charges posted on August 8, 2020. The batch job will adjust the costs of the inventory items affected by these changes, considering the average costing method. However, since the inventory period for July 2020 is already closed and the "Allow Posting From" field in the General Ledger Setup is set to August 1, 2020, the system will not allow posting any adjustments to July. Instead, the adjustment entry related to July will have a posting date in August, as the earliest allowed posting date is August 1, 2020. Therefore, the batch job will automatically select the earliest possible posting date for the adjustment entry related to July, which is August 1, 2020. This date will be used for the value entry created by the batch job to adjust the costs of the affected inventory items.
upvoted 7 times
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NA1926
Most Recent 8 months, 2 weeks ago
Selected Answer: C
correct
upvoted 1 times
...
Cica
1 year, 10 months ago
Selected Answer: C
C is correct
upvoted 4 times
...
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