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Apr 07, 2010 at 09:32 AM

FIFO Valuation



We cost all our Materials at Standard - both Raw Material and Finished Goods (the indicator is "S" in the Material Master. We have a requirment to get the FIFO Valuation of the Material as well.

The FIFO Valuation is required only for reporting purpose and we will not be using it for anyother purpose.

I have done the required configuration for FIFO and now when I am checking the FIFO valuation - SAP is Valuating the Goods Receipt at PO Price (which is correct) but the Goods Issue is Valuated at Standard Cost - which is not right.

We are not using Material Ledger.

Any ideas on this.