How To Update Layer Cost in FIFO Costing? (Doc ID 365242.1)

Last updated on FEBRUARY 16, 2017

Applies to:

Oracle Cost Management - Version 11.5.10.0 and later
Information in this document applies to any platform.
***Checked for relevance 06-JUL-2016***


Goal

How can one manually change the Item cost in FIFO costing?

For example we purchase a product 10 units for 120$/each.

The Inventory value is 1200$.

After six months we wish to reduce the write down the Inventory value which means we wish to adjust the Inventory cost with out effecting the Quantity and
reduce the Item cost instead of $120-$108.

How this can be achieved using FIFO costing?

Solution

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