Hi All
I'm trying to get Item cost by LOT and tie it back to COGS. The system is setup with FIFO costing. Can I confirm that the system post FIFO irrespective of the actual LOT number selected in a transaction. For example:
If LOT1 is purchased $100 per unit and then Lot2 purchased $200 per unit. When you sell LOT2 it takes $100? as below example:
So the system ignores the actual cost of selected lot as this FIFO is only at Item level