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.
Data Update During FIFO Valuation