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Effect on Cost for a Decrease Adjustment

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Posted on by UG Leader

Hi:

I know that a cost cannot be entered for a decrease adjustment and that the first layer of Inventory Receipts is utilized.

So, for an item whose valuation method is FIFO Perpetual, is there an effect on cost when a decrease adjustment is conducted?

Thanks!

John

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  • Community Member Profile Picture
    Community Member UG Leader on at
    RE: Effect on Cost for a Decrease Adjustment

    Yes, it does!  Thank you!

    John

  • Verified answer
    iruser2 Profile Picture
    iruser2 2,046 on at
    RE: Effect on Cost for a Decrease Adjustment

    FIFO Perpetual = actual cost.  The current cost won't change as inventory is not going up.  The standard cost wont change as we are not in a periodic item. The overall value of the inventory will go down since you are removing something from stock.

    Is that what you were asking?

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