FIFO

["Ren Fu Ping" <fupingren@xxxxxxxx>]

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Dear Guys,
        we want to using FIFO (Firtst in,First Out) cost to calculate our 
inventory balance value and inventory movement value instanding of standard 
cost and actual cost. according to my comprehension, FIFO cost is only suitable 
for raw material, WIP and Finished Goods has not FIFO case in OEM factory. but 
it is not possible to use two costing system for calculating inventory value. 
my easy solution can only solve Raw material FIFO cost. can you share any 
experiance with this subject? or any suggestion to match accouting 
requirements?


Thanks in advance.
Ping
China
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