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 choosing Inventory Control-->Costing & Pricing-->LIFO/FIFO F/M.
1. Warehouse
Enter the warehouse. The entry must be valid warehouse. F2 allows a search.
2. Item
Enter the item number. F2 allows a search.
For each costing layer stored, enter the following fields:
3. Sequence Number
Enter the sequence number for this layer (1-99).
4. Date
Enter the date received.
5. Cost
Enter the cost at which each item was received. Press Enter (CR) to default to 0.
6. Received
Enter the quantity received for the layer. A quantity of 0 is not accepted.
The On Hand quantities show the number of items in the warehouse at each level.
The Allotted quantity refers to the quantity of a particular cost layer that has been confirmed for shipment, but not yet relieved by the Daily Sales Register.