Activating 1 Raw Material as FIFO valuation with Material Ledger Activation

[stargazer9997]

Hi,

Question:

i)Do I execute CKMLCP at month end and also include the raw material with FIFO or I don't include that material in CKMLCP

ii)Or I execute Raw material with FIFO using CKMLCPAVR

iii) If I use point (ii) how will price difference will roll up in CKMLCP from Raw Material with FIFO

iv) There also Balance Sheet Valuation Procedure which use to calculate FIFO Prices. How does this work with Material Ledger closing.

Thanks.