LIFO dated Last in first out dated inventory costing in Microsoft Dynamics 365 Supply Chain

LIFO dated Last in first out dated inventory costing in Microsoft Dynamics 365 Supply Chain

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$)