Data Update During FIFO Valuation

Use

When carrying out FIFO valuation, you determine whether the results are to be saved to the database.

The results of FIFO valuation can be saved in two objects:

  • In the FIFO results table , which contains the following information:

  • Material

  • FIFO methods

  • Valuation date

  • Valuated stock

  • Gross FIFO value

  • Net FIFO value, if you carry out FIFO valuation with lowest value comparison.

  • Stock values

  • In the material master record

In the material master record, you can have the system update the results in the price fields Tax price 1, 2 or 3, or Commercial price 1, 2 or 3.

  • If you carry out FIFO valuation with lowest value comparison, the system enters the net FIFO price in the field you select.

  • If you carry out FIFO valuation without lowest value comparison, the system enters the gross FIFO price in the field you select.

  • In the case of materials subject to split valuation, the system splits the FIFO price proportionally among the valuation types.