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ReportWill a cost of goods sold transaction be generated with a FIFO periodic valuation method if the Standard Cost field is zero?
Thank you,
Kim
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Will a cost of goods sold transaction be generated with a FIFO periodic valuation method if the Standard Cost field is zero?
Thank you,
Kim
*This post is locked for comments
Hi Kim,
Since you're using the Periodic inventory costing method, that translates to using standard cost for your COGS. If your Standard Cost field is zero, your COGS will likewise be zero.
Kind regards,
Leslie
Cost of goods sold will be generated based on inventory type if it's FIFO cost will be used.
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