FIFO Valuation and its impact on materials

Hi Friends,

Hope you all are doing well today

I am new to this approach in SAP.

We have configured the FIFO Inventory valuation approach in our system and it is running quite okay till MRF1. Please see the process below.

1. Activate/Deactivate LIFO/FIFO Valuation

2. Define LIFO/FIFO Valuation Level

3. Define LIFO/FIFO relevant Movement Types (x) - Selected only 101

4. Define LIFO/FIFO Methods

5. Define FIFO Valuation Areas

Ran MRF4 to set the LIFO / FIFO option in Material master

Ran MRF3 to extract all the GR documents

Ran MRF1 to valuate the goods receipts in oder arrive with Total closing stock and its value

Here in MRF1, system shows the Total QTY left, and Book value as per Standard price, Gross value as per GR/IR price and Difference.

Now the question is, how and where do we see the impact of this valuation. What kind of impact we see?

MR35 is showing the FIFO valuation details for only one material. If i need to see it for all which i run through MRF1, where do we see?

Hope you understand my concern.

Thanks for your help