![]() Moving average perpetual – The cost of items with the same item number is totaled and an average cost is assigned to the items. The current cost for items is the cost of the item the last time it was received. Detailed information about the cost of all items is maintained, and the inventory is valued at its actual cost. LIFO perpetual – Items purchased last are considered sold first (Last In, First Out). The current cost for items is the cost of the item the last time it was purchased. Inventory Valuation Terms to KnowįIFO perpetual – Items purchased first are considered sold first (First In, First Out). I thought it would be worth listing the Inventory Valuation Methods that Dynamics GP has available, but a word of caution: we recommend that you talk to your tax accountant before changing the valuation method you currently use. In this client’s case, the valuation they were using did not make sense for their company. I recently had a client question how the various Inventory Valuation Methods in Dynamics GP differ. ![]() There are several different methods you can use in Microsoft Dynamics GP. ![]() Valuation methods are what determines how the costs of inventory items are calculated.
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