Hi Experts
Our auditors are asking to providing support evidence of the amount in our main stock account 130000. Firstly I assume that the amount in the account 130000 is calculated using the appropriate valuation method for each item. in almost every case the method is FIFO. therefore would it be possible to create a query which showed every FIFO layer and price for every item we have in stock and more importantly would this balance with the amount which we see on stock account 130000?
Thanks and Regards
Jon