Hello, experts,
I would be happy if someone answer my question.
I have a problem related to FIFO function.
My client has decided to implement FIFO valuation. I completed all of
FIFO configuration. Then, I executed Trcd:MRF1 to get FIFO amount.
However, the FIFO amount is NOT calculated correctly. The report seems
to pick up the Moving Average Price.
e.g. Book Value: 550.69, Net: 550.69, Gross: 550.69
*550.69 is Moving Average Price
<FIFO configuration>
1. OMWE: LIFO valuation active, FIFO valuation active
2. OMWL: Mean Receipt Price at Valuation Area Level
3. OMWZ: No configuration
4. OMW4: No change
5. OMWP: Method(FIFO01) Sample(01) Qty.comparison(CUR)
6. Configure FIFO Valuation Areas: 2009
<FIFO process>
1. MRF4: Set "LIFO/FIFO-relevant"
2. MRF3: Execute it to extract the data
3. MRF1: Execute it to show FIFO amount
*At this time, the report doesn't show FIFO amount.
e.g.
Goods receipt: @$10, Qty3 = $30
Goods receipt: @$12, Qty5 = $60
Goods issue: @$11.25, Qty3 = $33.75
*Moving Average is $11.25. Invendoty balance is $56.25.
FIFO inventory balance should be $60
However, MRF1 show Moving Average ($11.25). It is not $60.
Could you please provide me any idea to solve this issue?
Best regards,
Hidekatsu
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.