Use this to create and maintain last in first out (LIFO) or first in first out (FIFO) costing layers. It is only available for use when the LIFO/FIFO Layers flag in the IC Static Control Record is set to O-LIFO or F-FIFO.
Information is entered for each item by warehouse. It includes for each level (up to 10 levels allowed) the sequence number of the layer, date received, received cost and quantity received.
This file is updated by Purchase Order receipts and through the IC Adjustment Entry program when the adjustment code is RC (receipts) is used.
Access this program by clicking Inventory Control>Costing & Pricing>LIFO/FIFO F/M.
Click Field Descriptions for information on each field.