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Former Member
Sep 19, 2014 at 04:39 AM

FIFO Calculation on Total field of Goods Issue

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Hi Everyone,

Good day!

I tried to create a Goods Issue and upon posting it I noticed the total amount(Total field). I didn't understand how it gets the amount. Can you enlighten me where does it gets the amount and how does it calculates?

I tried to simulate or create transactions using the following:

GOODS RECEIPT PO:

Doc 1 : Qty - 20 Price - $10

Doc 2 : Qty - 10 Price - $10

Doc 3 : Qty - 15 Price - $10

GOODS ISSUE:

Qty - 30 Item Cost - $10.33 Total - $360.00 = ? (how this amount is calculated)



Please help me to further understand the calculation of the Total.


Your response will be highly appreciated.




Thanks and Warm regards,

Anthony M.