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Former Member
May 11, 2010 at 01:46 PM

Material valuation based on Invoice price

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Dear SAPERS,

Please provide some help regarding one of my clients requirement.

My client wants to calculate the material cost or price based on FIFO invoice price at the time of Issuing materials from store to any consumption.(instead of standard or MAP calculation)

Ex. Material ABC is procured in two different purchase orders from different vendors or may be same member.

those quantties and price are

P.O.No. 1

Quantity 10

Invoice price is Rs. 10 each

P.O. No. 2

Quantity 5

Invoice price is Rs. 12 each

At the time of issue till fist 10 Nos the accounts should be updated with price Rs. 10, after 10Nos the accounts should be updated with price Rs.12 each.

Thanks in Advance,

Venkat