LIFO and LIFO dated costing / valuation in Microsoft Dynamics 365 Finance and Operations one version

In this blog, would elaborate LIFO and LIFO dated costing / valuation in Microsoft Dynamics 365 Finance and Operations one version.

LIFO inventory costing technique in simple terms is based on ‘Last In First Out’ i.e. the last receipt (at the time of closing) is to be settled with the first issue transaction.

The example uses an opening inventory (Quantity = 1 and Value =100$)

LIFO dated inventory costing technique in simple terms is based on ‘Last In First Out’ date wise i.e. the latest receipt is to be settled with the issue transaction.

The example uses an opening inventory (Quantity = 1 and Value =100$)

Good read: 

https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/cost-management/lifo-physical-value-marking

https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/cost-management/lifo-date-physical-value-marking