hi Suresh,
pls. take note this one If your company manages nonperpetual inventory, the name of this report is Inventory Valuation Report but if your company does not manage nonperpetual inventory this this report is names as Inventory Valuation Simulation Report.
If you work with perpetual inventory, you can use this report to valuate the entire warehouse inventory of all items on a reporting date. You would normally valuate the warehouse inventory on the balance sheet reporting date.
You can select one of the following calculation methods for inventory valuation:
Moving Average
FIFO (first in first out)
By Price List
Last Evaluated Price
You can also define various criteria to restrict the selection for inventory valuation.
If necessary, you can choose a different valuation method for warehouse inventory valuation, and you can also transfer the results to accounting. If you use the moving average price method, you calculate the same values as in the Financials module. Once you have selected a valuation method, we recommend that you continue to use the same method.
regards,
Fidel
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.