Set Up Fiscal Inventory Valuation
To use fiscal inventory valuation, you must set up inventory valuation methods.
To set up fiscal inventory valuation for item costing
Choose the
icon, enter Item Costing Setup, and then choose the related link.On the General FastTab, fill in the fields as described in the following table.
Field Description Components Valuation Specify the fiscal inventory valuation method. Estimated WIP Consumption Select to include the finished production orders or the released production orders for the cost calculation.
If this field is cleared, then consumption and capacity ledger entries are filtered by posting date.Choose the OK button.
To set up fiscal inventory valuation for an item
Choose the
icon, enter Items, and then choose the related link.On the Item List page select each item, and then, on the General FastTab, in the Inventory Valuation field, specify the inventory valuation type.
Choose the OK button.