FIFO SAP Public Cloud

[imel_99]

Hi Expert !

I have question in S/4HANA Public Cloud . How to update material price and adjust inventory balance sheet and COGS value with FIFO method?

I have already:

• Execute FIFO Valuation

Execute Determine Inventory Balance Sheet Value

• But, there is no impact to material price and inventory balance sheet.

Am I miss any steep?

Thank You

Melani

[Enda]

adding tag 'S/4HANA CLoud for Sourcing and Procurement'

[FernandaKlauck]

Hello Melani

Thank you for submitting your question through the SAP community.

Following you will find documentation of SAP Help Portal regarding FIFO Valuation method in S/4hana Cloud: Inventory Accounting - FIFO Valuation

You can also try to check the test script of the scope item Inventory Valuation for Year-End Closing (BEJ) within SAP Best Practices, which you as a customer will find within SAP for Me. In this document you will find step-by-step of FIFO Valuation process.

The following link will take you to this material: Inventory Valuation for Year-End Closing (BEJ)

Adding to the previous information, I send you a link to a blog written by one of our experts where he describes Inventory Balance Sheet Valuation with FIFO Method in SAP S/4HANA Cloud: Inventory Balance Sheet Valuation with FIFO Method in SAP S/4HANA Cloud, public cloud.

Hope all those information can help you to solve your problem.

Kind regards!

[BilalHashmi]

HI Melani did you mange to update COGS based on FIFO ?