Cost Question (Another Bounce)

[DAsmussen <DAsmussen@xxxxxxx>]

In a message dated 98-04-15 22:01:57 EDT, owner-bpcs-l@midrange.com writes:

> From: "Lu Festas" <ylufe@hotmail.com>
>  To: bpcs-l@midrange.com
>  Subject: HELP! Cost in BPCS
>  Content-Type: text/plain
>  Date: Wed, 15 Apr 1998 16:19:06 PDT
>  
>  
>  Hi people, 
>  
>  I'd appreciate a help with a problem I have - I need a Cost Accounting 
>  product just like CST but which use FIFO method, instead of average cost 
>  or last cost. My client insists that he has to use FIFO cost exactly as 
>  the theory says, which is:
>  
>    I had zero quantity of A
>    I buy product A  - 100 pieces at $100 (on April 15th)
>    Then I buy again - 100 pieces at $102 (on April 18th)
>    And again        -  50 pieces at $101
>  
>    When I use it, I have then to do it with FIFO:
>  
>    I have to use 105 pieces - 100 at the cost of $100 + 5 at the cost of 
>  $102. Next time I use it will rest 98 pieces at the cost of $102. Only 
>  then I can use the next 50 at the cost of 101$. The concept is fine, but 
>  CST doesn't do FIFO. The rest of the product is fine to them, but this 
>  problem can't be solved by CST, unless I change the core of the product. 
>  Does anyone can give me a hope, I mean, tell me where I can find this 
>  marvellous product which would do that?
>  
>  
>  Thanks a LOT.
>  
>  Luis Festas
>  
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