FIFO Valuation: List of Results

List Format: Output Details

If you select Output details on the List Format screen, a list of results containing the following information for each material appears:

  • Closing stock

  • Value of the closing stock

  • Gross FIFO value (without lowest value comparison)

  • The difference between the values – both absolute difference and percentage difference

  • Gross FIFO price (without lowest value comparison)

  • How far back or to which material document the system had to go to determine the FIFO value

If you have carried out FIFO valuation with a lowest value comparison, the following information is also displayed:

  • The net FIFO value based on the lowest value comparison

  • The difference between the values – both absolute difference and percentage difference

  • The net FIFO price

List Format: Output Totals

If you select Output totals on the List Format screen, the system displays the FIFO results for each FIFO valuation area and G/L account.

The gross and net FIFO values are each displayed alongside the book value on this totals display.