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Former Member
Jun 07, 2011 at 08:40 AM

FIFO valuation is not updated by system

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Hi,

We have activated FIFO valuation and all configuration was set. We done MIGO with different rate and Consumption also done.

Month end we have don e the following process

MRF4,MRF3 and MRF1

the result is system is taking the moving average price only instead of FIFO valuation.

Goods Receipts

Qty price value MAP

100 100 10000 100

150 120 18000 120

200 180 36000 180

450 64000 142.22

Issues :

100 142.22 14222.22 142.22

150 142.22 21333.33 142.22

250 35555.55 142.22

200 0 28444.45 142.22

As per FIF the following is the rate system to take and post

200 180 36000 180

But system is takinf 200 * 142.22 = 28444.45

can anyone guide me to solve this issue.

govind.