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Former Member
Feb 25, 2009 at 05:26 AM

material valuation based on FIFO

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Hi,

Presently we are valuating raw materials with moving average price (V).

Material is not managed in batches.

For few of our raw materials price changes too often.

So want to consume the material based on the value with which it was purchased.

Is it have anything to do with FIFO relevance?

Regards,