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Finance | Project Operations, Human Resources, ...
Suggested Answer

Inventory revaluation for FG

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Posted on by 69
 
Hi all, 
If I go inventory closing and adjustment below and see no vouchers in the All tab, does that mean that no inventory adjustments have ever occurred?

 
If I have finished goods (purchased and manufactured), their model group are FIFO, should I do inventory adjustment at the end of the month to adjust from Moving Average to FIFO value?  
In what situation that I have the FG with FIFO but don't need to do inventory adjustment at month-end?  
 
Thanks so much!
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  • Suggested answer
    André Arnaud de Calavon Profile Picture
    306,396 Super User 2026 Season 1 on at
    Hi,
     
    You mentioned moving average. For this inventory costing model, there is no requirement to use the closing and recalculation.
     
    Only for FIFO, LIFO, and weighted average, you can use the closing and adjustment features. This will only perform a recalculation in case there are items issued (consumed). When you have purchase orders received or production orders reported as finished, there is no deduction for performing the recalculation.

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