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FIFO Vs Standard Cost
rico1931
Member Posts: 295
Hi Everyone,
Wondering if anyone has ever done an analysis of switching a company from FIFO to Standard cost in a live company.
We are wondering what the effects are to item reports in terms of costing and history in the ledger entries tables. It's a manufacturing setting and currently on FIFO cost, wanting to switch to standard costing.
Thanks in advance
Wondering if anyone has ever done an analysis of switching a company from FIFO to Standard cost in a live company.
We are wondering what the effects are to item reports in terms of costing and history in the ledger entries tables. It's a manufacturing setting and currently on FIFO cost, wanting to switch to standard costing.
Thanks in advance
-rico1931
0
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