FIFO inventory statement
Last updated: 2024-02-20
Post view count: 424
In the Reports List tab, there is an extensive database of reports divided into thematic sections related to various aspects of the system such as sales, costs, warehouses, products, clients, and others.
The report FIFO inventory statement allows us to calculate the balance of inventory levels and the total value of individual products (based on purchase prices) in a selected period - as well as before and after. When calculating it, we take into account the purchase value - both on acceptance documents and on release documents.
In particular, this means that typically the report will take into account FIFO - to the extent that purchase prices are correctly filled in on the issue document.
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