Inventory valuation
To meet the various reporting standards, organizations must be able to value inventory according to various cost or pricing rules and multiple coexistent valuation bases.
These are the most widely used methods for valuation:
- LIFO
- FIFO
- Average
- Historical average
- Net sales value
- Obsolescence
- Actual
- WIP
- Standard
- Usage
- Periodic
- Perpetual
- Serial/Lot
The inventory valuation methods can affect the valuation of direct materials, labor, and overheads.
Argentina specifics
None
How Infor meets the requirement
Use these inventory valuation methods: FIFO, LIFO, Standard, Average, Serial Lot, Perpetual Method.
For setup information, see the Supply Management Setup and Administration Guide.