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Former Member

Inventory valuation method

Hi all,

Can any one provide me what is inventory valuation method & how to config it & what are the impacts

pl revert asap.

manisha

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1 Answer

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    Former Member
    Jan 23, 2008 at 07:53 AM

    There is nothing to configure in this report.

    This report is intended as a managerial report to check what-if scenarios. For instance, you can see what happens if you value an item based on a different costing method. This report is not intended to be used as a report for auditing. For auditing purposes use the Inventory Audit Report.

    You can select one of the following calculation methods for inventory valuation:

    <li> Moving Average

    <li> FIFO

    <li> LIFO

    <li> By Price List

    <li>Last Evaluated Price

    You can also define various criteria to restrict the selection for inventory valuation.

    You can choose a different valuation method for warehouse inventory valuation, if necessary, and you can also transfer the results to accounting. If you use the moving average price method, you calculate the same values as in the accounting module. Once you have selected a valuation method, we recommend that you continue to use the same method.

    Suda

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