Field help (ISS1)

Use this field to define the method to be used for valuing stock.

The following methods are associated with stock valuations:

Standard cost
The value of stock is based on a fixed unit cost (standard cost) by site.
The standard cost applies to a complete fiscal year.

Revised cost
The value of stock is based on a revised standard cost, calculated by the actual cost of each stock movement.
The revised cost applies to a specific range of dates.

Last cost
The value of stock is based on the actual cost of the last stock transaction.

Cumulative AUC
The value of stock is based on the average value of stock received and the total value of stock in hand.

FIFO cost
The value of stock is based on the first in, first out method of turnover using the unit cost of each stock movement.

Lot AUC
The value of stock is based on the average value of each lot and sublot received.

LIFO cost
The value of stock is based on the last in, first out method of turnover using the unit cost of each stock movement.
 This method of stock valuation may be unacceptable in certain countries.