You valuate all the stocks of a particular material separately in the individual valuation areas of the company code.
If you have flagged materials as relevant for LIFO, you can no longer change the settings for the LIFO valuation level.
Determination of the LIFO Valuation Level
Use
Function |
Settings in Customizing for Valuation and Account Assignment |
Define the level at which LIFO valuation is to be carried out. |
Balance Sheet Valuation Procedures ® Configure LIFO/FIFO Methods ® General Information ® Define LIFO/FIFO Valuation Levels |
You can carry out LIFO valuation at different levels:
You valuate all the stocks of a particular material in all of the valuation areas of the company code together (joint valuation).
You valuate all the stocks of a particular material separately in the individual valuation areas of the company code.
If you have flagged materials as relevant for LIFO, you can no longer change the settings for the LIFO valuation level.