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FIFO Valuation end results are same as moving average price valuation

Dear All,

While doing the FIFO Valuation, I have come across one issue which is that after running MRF1- the inventory valuation as per FIFO is coming same as valuation as per moving average price in material master i.e. FIFO price and valuation not updating correctly.

Detail are as under

date po no/ issue no in value price out value price

19.05.2011 5000000933 150 59,145.26 394.30

20.05.2011 5000000932 1000 3,03,309.00 303.309

20.05.2011 4900001580 250 78,794.40 315.1776174

Now Inventory Value as per is 900*315.177 i.e.283659.8557

And Inventory value as per FIFO valuation should be 900*303.309 i.e.272978.1

While FIFO Valua and price are still coming the ways it is showing in moving average price i.e.283659.8557 & 315.177

Can any body give any suggestion on this, Any help would be appreciated and appropriate marks would be alloted


Ashok verma

Former Member
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