Note
If your company manages nonperpetual inventory, the name of this report is Inventory Valuation Report.
If you work with perpetual inventory, you can use this report to valuate the entire warehouse inventory of all items on a reporting date. You would normally valuate the warehouse inventory on the balance sheet reporting date.
Note
This report is intended to be a managerial report to check what-if scenarios. For instance, you can see what happens if you value an item based on a different calculation method. This report is not intended to be used as a report for auditing. For auditing purposes, use the Inventory Audit Report.
You can select one of the following calculation methods for inventory valuation:
Moving Average
FIFO (first in first out)
By Price List
Last Evaluated Price
You can also define various criteria to restrict the selection for inventory valuation.
If necessary, you can choose a different valuation method for warehouse inventory valuation, and you can also transfer the results to accounting. If you use the moving average price method, you calculate the same values as in the Financials module. Once you have selected a valuation method, we recommend that you continue to use the same method.
Note
When you print the report, you can also print the selection criteria on a separate page.