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LIFO Cost Rollup

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Posted on by Carol Perry

20

How do you update costs in Business Central when set items are set as LIFO?

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YUN ZHU 68,395 Super User 2024 Season 2 on at

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LIFO Cost Rollup

Hi, here is a detailed explanation that I hope will give you some tips.

https://www.businesscentralsolutiondesign.com/post/inventory-costing-methods-what-they-do-and-how-to-choose-them

Thanks

ZHU
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Inge M. Bruvik 32,744 Moderator on at

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LIFO Cost Rollup

Simply speaking it will allocate the cost for the last purchased unit that is avalible in your inventory.

You can read more about the design details here.

https://learn.microsoft.com/en-ca/dynamics365/business-central/design-details-costing-methods?WT.mc_id=email&sharingId=DX-MVP-5005315

Date Qty Price

1 november 2023 1 10,00

2 november 2023 1 15,00

3 november 2023 1 17,00

So if you have these inventory movement and you sell them on 3 different sales ordre.

The first order will have a cost of 17, the secound a cost of 15 and the 3de one a cost of 10.

Hope this helps.

Please follow up with more detailed questions if you have any.

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