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FIFO/LIFO Job Costing (Optional Module)
Job costs are reported using the FIFO or LIFO value of inventory used. Records the unit cost of each quantity of stock as it is entered into inventory. Assigns costs to jobs by pulling quantities from the different stock layers on a FIFO or LIFO basis. GL inventory is still updated using standard cost.

Key Features of QUBE FIFO/LIFO Job Costing

  • Set up selection of  FIFO or LIFO
  • Can be used in conjunction with FIFO/LIFO Integrated with General Ledger module
  • Drill down from LIFO/FIFO stock layer screen to display the transactions creating the layer

 

Copyright 2001 QUBE Software Tuesday, December 11, 2001