General Ledger - EBS (MOSC)

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Can we value inventory at Historical Cost and would it impact quarter end?

edited Aug 1, 2011 10:23AM in General Ledger - EBS (MOSC) Question
We are a mining industry and have global sites. Currently, in Mexico all foreign currency is revalued at end of period - we are using average costing with perpetual inventory.

We would like to see if we can value inventory at Historical Cost. Is this possible and how would we maintain this method using exchange rates?

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