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FIFO Valuation in real time

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Dear all,

 

Requirement is,

1.Materials should be valuated by FIFO in real-time basis and NOT during period end or Year end.

2.FIFO Valuated price should be updated for all the materials issued so far.

3.All the current stocks should be valuated under FIFO.

 

In the present system, the materials are valuated by MAP.

Kindly Suggest

How to fulfill this requirement?

What could be the challenges faced as system has gone live already.


Expecting your valuable suggestions.


Regards

Krishna


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