Hello Experts,
We have question in FIFO report....When arriving at the Net Value does the FIFO report take into account the actual FIFO goods Issue into account?
The example I got here is like this...
| Value | Quantity | Per Unit | Balance | |
| Opening Stock | 1603280 | 10 | 160328 | |
| Receipts | 1603280 | 10 | 160328 | 9 |
| Issue | -1603280 | -10 | 160328 | |
| Receipts | 480984 | 3 | 160328 | 2 |
| Price Diff | -984 | |||
| Goods Receipt | 504000 | 4 | 126000 | |
| Receipts | 64131200 | 400 | 160328 | 206 |
| Issue | -160328 | -1 | 160328 | |
| Receipts | 1683280 | 10 | 168328 | |
| Issue | -1683280 | -10 | 168328 | |
| Issue | -32065600 | -200 | 160328 |
When valuing the closing stock on FIFO basis,the standard FIFO report is adding the FIFO goods issue value on the last issue which is 137312.
Is this correct way of standard functionality.
Thanks,
Srini