I read Navision inventory costing manual. Isome doubts on this process. I would like to thorw in mibuso. So experts please throw u r advise.
I created one item. I purchased this item 3 times with different date and different cost.
I selected Fifo costing method for this item.
Item rate qty date
A 10 1 12/22/07
A 15 1 12/23/07
A 5 1 12/24/07
So when I sold this item on 12/26/07 it is taking average cost at first.
When run Adjust item cost entries , then it is taking fifo cost on this of 12/22/07.
What my doubt is why Navision doesnot work according to fifo method at first.
When AD. Item cost entries it is working according to FIFo.
Please throw u r valuable solutions.