We are a small manufacturing company and we buy raw material (Aluminum) to make our own components for our assembled products. Once the components are made, we move them to the assembling line and become part of the finish product. Since we do not buy these components but we make them, we do not have a bill to enter. We know there is the "Receive Inventory" option, but we have not used it. Would this be the correct way to enter these components? Would it be okay to enter them without price? We do need to track those components due to we need to know when to make more and how we use them in the assemblies, etc.
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