FIFO Method

ULI

Hi all ,

I have problem the " unit cost" calculation using FIFO method when I sold.
Example :

Purchase 22-06-02 = 5 @ 500 = 2500
Purchase 25-06-02 = 3 @ 550 = 1650
Sale 27-06-02 = 2 @ 600 = 1200

When I sold it , the unit cost become = (2500+1650):8 = 518.75 Isn't right ?
It should be the unit cost 500 .
How Should I do if I want the unit cost isn't average method but FIFO.?
Could you help me ?

Thanks a lot of

BR
uli

Quasimodo

You have to run the jobs: Adjust Cost-Item Entries and Post Inventory cost to G/L. As long as you don't run these jobs, your unit cost will not be evaluated by FiFo.

Michael

<small>[ 11-07-2002, 05:06: Message edited by: Quasimodo ]</small>