Lifo Category Field, Item Table

  • Article

Contains the code for the Last In, First Out (LIFO) category that is assigned to each item. The LIFO categories describe the LIFO groups that are available. With this method of inventory cost valuation, the items that were purchased most recently are always sold first.

Additional Information

You can create a new LIFO category using the Lifo Category window.

Tip

For more information on how to work with fields and columns, see Work with Data. For assistance in finding specific pages, see Search.

Parent Tables

Table Location
Purchases (Qty.) Field, Item Table Inventory
Item Table Inventory

See Also

Reference

Lifo Category

Other Resources

Learn About Costing
Close Years and Periods
Report Costs and Reconcile with the General Ledger