There is a weighted FIFO average, I believe it uses this.
Ken Williams
Vice President, Administrative Services
Intermountain Electronics - Power, Automation, and Process Systems
Office:Â 435-613-4817Â |Â Â Mobile:Â 801-918-7318
kwilliams@... |Â www.ie-corp.com
Vice President, Administrative Services
Intermountain Electronics - Power, Automation, and Process Systems
Office:Â 435-613-4817Â |Â Â Mobile:Â 801-918-7318
kwilliams@... |Â www.ie-corp.com
On Wed, Jun 8, 2016 at 10:57 AM, ckrusen1@... [vantage] <vantage@yahoogroups.com> wrote:Â<div> <p>I see that FIFO was introduce in E9.  </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?  </div><div><br></div><div>Does it matter on how many I need for a job?  </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 the estimate required 150, would it use 100 from lot 1 at $1.00,  and 50 from lot 2 at $1.50?</div><div> </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>