E1: 39: FIFO Summary Methods in Advance Stock Valuation (Doc ID 2301543.1)

Last updated on AUGUST 28, 2017

Applies to:

JD Edwards EnterpriseOne Advanced Stock Valuation - Version 9.2 and later
Information in this document applies to any platform.

Goal

How do the FIFO cost methods 01 or 02 work in Advance stock valuation?

Item A with Cost method - 02 (WAC)

PO with cost $10 about 10 qty on 15th Aug; Now the cost is $10
PO with cost $20 about 10 qty on 17th Aug; Now the cost is $15
SO with cost $15 (from F4105) for 10 qty on 22 Aug;
PO with cost $20 about 5 qty on 22nd Aug; Now the cost is $16.25

When we run R39130 in proof mode, the current period advanced stock inventory and cost of goods adjustment amount comes as $10.

How the was the value of $10 calculated?
 

Solution

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