Is there any standard report in oracle for inventory valuation report with FIFO logic.
currently we are using oracle EBS r12.2.9 version. we have a standard report called "Inventory Valuation report" which would give on-hand details of that inventory. I would like to know if there is an inventory valuation report based on FIFO logic (First in First Out)….FIFO process looks at the current stock of each inventory item and then goes backward through the receiving records until it reaches the level of the current stock for each item. It then calculates the cost of the inventory based on a weighted-average cost of received merchandise