The WIP valuation accounts are charged when material is issued to a job or schedule, or when resources, outside processing, or overhead is earned by a job or schedule. The same accounts are relieved when assemblies are completed from a job or schedule.

 The following graphic displays that variance accounts are charged upon job or period close, depending on how the WIP parameters are set (for repetitive schedules) or the type ofjob, asset, or expense.

Account Summarization
If you assign the same account to more than one cost element, you can choose to have the values of these cost elements summarized or to maintain their elemental visibility before transferring them to the General Ledger, depending on how you set the
CST:Account Summarization profile option.
                Yes: Cost elements summarized
                No: Elemental visibility maintained

The following transfers illustrate the effect of summarization vs. elemental account visibility.
You have transferred Item A (Total cost = $25) from your Finished Goods to your Stores inventory, and the elemental accounts and costs associated with both subinventories are as follows: