How to update the inventory for manufacturing company?
Example:

Original inventory: ($)

Part 1, 1000
part 2, 2000
part 3, 3000
part 4, 4000

Now, we pull out part 1, part 2, part 3, part 4 out to build Part A as inventory
let's say, the cost of Part A will be (1000+2000+3000+4000)(material)+3000(Labour)+3600( Overhead)= 16600

How should I update the inventory cost, Entry?

Your help will be appreciated.:(

:confused::confused::confused:

i think your question is incomplete.!

clarify these invertory. which one is finished goods ending or opening or which one is work in proces..

by knowing this info can only solve the problem .!

Inventory costs? Inventory costs is only the material. Inv vs COGS Mater, the other entries would be for the labor and ovhead in COGS

Yeah, I got confused
Thank you guys, Somebody explained to me.
I just graduated from school,and am working as a cost accountant. It looks everything is different from school :(

Thank you both of your guys very much! I appreciate.

Our pleasure.

Your welcome... Good luck in your career... Cost Accounting is a good start and way more fun than corporate accounting (general)... but perhaps I am biased since I'm a controller for a manufacturing corporation!

Hehehehehe, Yes, I think cost accounting has much more fun than general accounting. Just too much pressure for me since I am the only one who is doing cost accounting work in my company, that is a new manufacturing LLC.
I have to go to the factories, and go through all those processes. I doubt I would be an expert of production in the near future. ;)