On Wed, Jun 8, 2016 at 10:57 AM, ckrusen1@... [vantage] <email@example.com> wrote:Â
<div> <p>I see that FIFO was introduce in E9. Â </p><div><br></div><div>So what cost is used when <b>estimating </b>a job?</div><div><br></div><div>For example, I received 100 pc's at $1.00 each (call this lot 1), and then another 100 pc's at $1.50 each (lot 2).</div><div><br></div><div>Would the cost used be $1.00 or $1.50? Or even $1.25? Â </div><div><br></div><div>Does it matter on how many I need for a job? Â </div><div><br></div><div>If the estimate required 50, it would use 50 from lot 1, at $1.00 each?</div><div><br></div><div>If theÂ estimateÂ required 150, would it use 100 from lot 1 at $1.00, Â and 50 from lot 2 at $1.50?</div><div>Â </div><div>We're still on V8, so I can't even look in the help.</div><p></p> </div><span class="ygrps-yiv-1388174188"> <div style="color:#fff;min-height:0;"></div>
We're currently on V8, and and will be changing to E10 in a few months (not a migration, but rather a fresh install).
Someone asked if E10 has the ability to use a FIFO cost method. I'm guessing that this method would track quantities for specific costs. Kind of like how Lot serializing does.
I ran a quick Excel simulation to see if there's much of a difference between FIFO and AVG, And there is.