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Re: FIFO Valuation in real time

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Hi All,

I tested the scenario,

1.Material (M1) created(extended to different valuation type and FIFO/LIFO update maintained).

2. GR1 for  M1 - 10 EA @ $10  Batch - LOT1

3. GR2 for  M1 - 10EA @  $12  Batch -  LOT2

 

4. Now, the stock report is LOT1  - 10 EA - $110.

                                        LOT2 - 10EA -  $110.

5. If 5 EA is issued from LOT1(as per FIFO principle), the expected issue price should be posted as $50.

But actual issue price posted was $55.

 

6. Again when I checked the stock report, LOT1 - 5EA  -    $55

                                                             LOT2 - 10EA -  $110.

 

Which is not as per FIFO.

Kindly advice.

 

Regards

Krishna


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