Carrying Out FIFO Valuation 
When large volumes of data are involved, you should only update FIFO data using background processing.
Procedure
Choose Valuation ®
Balance Sheet Valuation ® FIFO Valuation ® Execute.
The system displays selection screen.
Enter the FIFO method and specify the materials for which you want to carry out FIFO valuation.
If you want the FIFO values to be compared with the lowest value, select the field Execute in the screen box Comp. Lowest Values.
Choose Price Sel. Select one or more prices or price indicators on the Phys. Inv. Prices and Valuation Alternatives tab pages.
If you run FIFO valuation at company code level, you can define how the lowest prices for the individual valuation areas are to be set in relation to one another. Choose Procedure.
A dialog box is displayed, in which you can enter possible options.
The results of the FIFO valuation can be updated.
- If you want to update the FIFO results table, select the FIFO Price Table field under Update Results.
- If you want to update the material master with the results of the FIFO valuation, select the Material Master field under Update Results. You can change the material prices or the physical inventory prices in the material master.
- If you want to change the material prices, select Change Material Prices. A dialog box is displayed, in which you select if:
- A batch input session should be generated for the price changes
- The prices should be changed directly when valuation is carried out
- You do not want the material prices to be changed, in which case you need to select No Update.
The system displays a screen with two tab pages.
- On the Phys. Inv. Prices tab page, select the price field of the FIFO price in which the data is to be updated. If you want to delete prices in other price fields when carrying out the update, select the Reset field.
- On the Valuation Alternatives tab page, select the price indicator that indicates the valuation alternatives to be updated.
- Choose
to confirm your entries.
- Choose List format and specify the information that the print list is to contain.
- Choose
Execute.
The system displays the results list.
For more information about the list of results, see: