LIFO Indicator: Collective Maintenance 
You can select a number of materials together for LIFO valuation and assign them to certain pools.
When large volumes of data are involved, you should only update LIFO data using background processing.
Selecting Materials for Individual Valuation
To select materials as being relevant for LIFO or to delete existing indicators, proceed as follows:
- Choose Valuation ®
Balance Sheet Valuation
® LIFO Valuation ® Prepare ® Select Materials.
The system displays selection screen.
Enter the materials. You can narrow down the selection of materials by using the company code, valuation area, material numbers, material types, material groups and creation dates.
Specify whether you want to set or delete the indicator.
Select Material Master and LIFO File in the Update screen box, if you want to update the database.
Choose 
Execute.
The system issues a log listing all the materials involved.
Selecting Materials for Pool Valuation
Choose Valuation ®
Balance Sheet Valuation ® LIFO Valuation ® Pool Formation ® Execute.
The system displays selection screen.
Enter the materials. You can narrow down the selection of materials by using the company code, valuation area, material numbers, material types, material groups and creation dates.
You can select the following fields:
- Set Indicator
, if you want the LIFO indicator to be set for the materials.
- Set pool if initial
, if you want the pool number for the materials to be set as per the Customizing assignment in the material master record.
- Overwrite Pool
, if you want the existing pool number for the materials to be overwritten, if necessary.
(If you do not select Set Pool, but select Overwrite Pool, the system resets all pool numbers for the materials.)
- Select Material Master and LIFO File in the Update screen box, if you want to update the database.
- Choose Execute.
The system issues a log listing all the materials involved and the pool numbers assigned.
See also:
LIFO Valuation
Balance Sheet Valuation (MM-IM-VP)