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
Yes, it does! Thank you!
John
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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