Will Inventory valuation work if not using perpetual inventory ?

[Former Member]

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 ..

[Former Member]

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

[Former Member]

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

[Former Member]

well .. the ... Inventory Valuation Report under inventory reports

[Former Member]

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

[Former Member]

So once, im running a periodic inventory system and want to item cost as per Moving average,

Wont the Inventory valuation report help me telling so ?