Process Flow of FI with MM

Step 1 Generating purchase requisition( PP-MM involved)
Step 2 Making inquiries (MM)
Step 3 Raising purchase order (MM)
Step 4 Release of purchase order ( MM)
Step 5 Goods received from vendor ( MM and FI )

Entry will be

Raw Material Inventory a/c Dr.
GR/IR clearing a/c Cr.

Step 6 Invoice verification and quality assurance (FI and MM)
Entry will be

GR/IR clearing a/c Dr
Vendor a/c Cr

Step 7 Goods issued for consumption(MM, FI and PP)
Entry will be

Raw material consumption a/c Dr
Raw material inventory account Cr

Step 8 Production receipt( FI, MM & PP)
Entry will be

Finished goods inventory a/c Dr
Change in stock Cr

Step 9 Finished goods delivered to customer(MM, SD & FI)
Entry will be

Change in stock Dr
Finished goods inventory a/c Cr

Step 10 Raising invoice on customers( SD & FI)

Customers a/c Dr
Sales a/c Cr