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Former Member
Apr 06, 2012 at 03:12 AM

Stock valuation - FIFO

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Hi Expert,

Need your advice to setup the FIFO, currently our system is setup the stock valuation in "Moving Average Price". But after comment by Auditor, we should refer to FIFO method. How can we establish the FIFO setup ? And with the FIFO valuation, what is the
inventory value during the transition period, do we need to re-input the date ? We already having more than 5 years operation, with this change of stock valuation, what is the impact we should consider ?

thanks.

rgds,

tee