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FIFO setting

Can anyone tell me please what are all the settings I need to achieve FIFO cost accounting. I did go into Stock Management, Stock Valuation Method and changed all Items to FIFO but this does not show correctly if I look at the protit calculation of an Order - I have B1 2007

I also noticed that the Base Price was still last Purchase Price which is not FIFO - so what is this setting for and where do I change the Default?

thank you


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    Posted on Mar 29, 2008 at 10:10 AM

    You probably get the required result if set the Base Price Origin to Item Cost.

    You can set it under Administration / System Initialization / Document Settings /General tab.

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