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Former Member
Apr 01, 2008 at 08:21 AM

FIFO settings

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Dear Friends

In case of FIFO for stock management, I want to know weather

a) the costing is done on the FIFO movement of the materials or on MAP price

b) the FIFO concept is used for accounting purpose only and not for the actual stock movement.

c) What are the important points to be taken in consideration while using FIFO.

With Regards

Sanjeev