in material master view accounting 2 there is a field named Lifo-fifo (MBEW-XLIFO).
I have the following questions:
1) Is there any program which set the check box automatically ?
2) Is there any trx which calculate lifo and fifo ?
3) What is the impact of these calculation on material master, do I have to be careful to execute lifo-fifo calculations ?
Thank You very much
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yes these are method of Material valuation for balance sheet purpose
check following sap link
I selected the check box in the LIFO/FIFO relevant for purchased materials with trx MRF4
Now I have to calculate FIFO by MRF3 but I don't know the impact of this.
Does MRF3 modify moving average price ?