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author's profile photo Former Member
Former Member

Will Inventory valuation work if not using perpetual inventory ?

I need to setup a system to use Periodic Inventory.

In this case, will the inventory valuation methods (Mov. Avg, standard, fifo) work ?

How will the inventory valuation report calculate prices in this case ? (since at settings, and at itme master level, inventory valuation is not available, if not using perpetual inventory)

Please share your thoughts ..

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 17, 2008 at 09:34 AM

    Inventory valuation methods will only apply to perpetual inventory. If you want to use Periodic, it just simply means you do not care about inventory movement. You only take a picture of inventory status in predefined period.

    Thanks,

    Gordon

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  • author's profile photo Former Member
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    Posted on Dec 18, 2008 at 07:48 AM

    I have already answered. Once you selected periodic, it means you gave up everything. You don't have any inventory movements. Where can you find any Moving Average ?

    Thanks,

    Gordon

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 18, 2008 at 04:03 PM

    Well, that is there for perpetual inventory only. You don't have Moving, nor Average for periodic inventory.

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