Cost Management - EBS (MOSC)

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Does anyone use System 39 - Advanced Inventory Valuation.

in Cost Management - EBS (MOSC) 2 commentsAnswered

Looking for anyone that is using Advanced Inventory valuation. We have always used Standard Cost for inventory valuation and variances to evaluate process efficiency. Recently, our financial auditors indicated that we are not valuing inventory correctly. They are looking for an Average Cost, FIFO or LIFO method which, from what I read, we can get using Advanced Inventory Valuation.

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