Procurement - EBS (MOSC)

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Purchase Price Variance Report:

edited Nov 5, 2018 4:00AM in Procurement - EBS (MOSC) 2 commentsAnswered

My organization is using FIFO costing method and they wanted to use this report, so could you please help us on dependency configurations and setups needed.

In the organization we use FIFO costing method, In FIFO valuation, the earliest-received stock is assumed to be used first; the latest-received stock is assumed to be still on hand. The purchase price variance is calculated as the quantity received multiplied by the difference between the purchase order price and the delivery to the sub-inventory and wip.

could you please help me to go further, I am new to this module.

Thanks in advance.

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