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FIFO Valuation with Material ledger and with out maaterial ledger

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Dear Experts,

I have below idea on how FIFO will work in SAP, please correct and give your suggestions.

1. If materials having price control V (MAP) and FIFO activated, at the month end inventory will be reevaluated based on the FIFO method (Total available inventory and back calculation of PO prices)

Doubt- in SAP it is not possible to valuate inventory on FIFO basis on real time.

2. If materials having price control S (STD) and Material ledger actual costing is no activated, FIFO valuation is not possible?

3.If materials having price control S (STD) and Material ledger actual costing is activated, FIFO valuation is possible? I read some threads in SCN not able to understand the logic, please explain how it will work.

Thanks,

Chandu

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