FIFO Costing

Topics in this part: The following topics describe how the FIFO (first-in, first-out) costing method works, and provides information on the menu options related directly to working with and reporting on FIFO costing.

• FIFO Costing Overview explains how the system tracks FIFO costing for the various types of inventory activity.

• Working with FIFO Cost Conversion (WFCV) describes how to convert between another costing method and FIFO costing.

• Using FIFO Cost Layer Inquiry (WFCF) describes how to review FIFO cost layers or change a layer's cost.