Revaluation of Inventory using FIFO when Inventory valuation method is Standard cost

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Posted on by Sanjay Bhide

From the simplicity point of view, companies prefer to use standard cost method for product costing and inventory valuation. However, from the perspective statutory requirement or IFRS, FIFO method is acceptable.

What is the best way to deal with the situation. Is there a recalculation available in D365? is it possible to build a complex report giving FIFO valuation output at period ends.

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André Arnaud de Cal... 301,130 Super User 2025 Season 2 on at

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Hi Sanjay,

There is no revaluation possible for this requirement. Note that Microsoft is working on a feature which will make it possible to maintain different costing models: Global Inventory Accounting Add-in for Dynamics 365 Supply Chain Management - Dynamics 365 Release Plan | Microsoft Docs

You can request access to a preview by sending an email to globalinventoryaccounting@service.microsoft.com with your LCS environment ID, and complete this form: https://aka.ms/costaccountingpreview

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