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  • Purchase return in Weighted Average & FIFO Inventory Methods

    Hello to all, Have a question regarding Weighted Average Cost and FIFO when returning purchases to vendor 1- Weighted Average Cost we have following purchase: 10 unit @ $20 & 5 unit @ $15 so average cost per unit is $ 18.33 = (10*20)+(5*15)/15 after that…

  • Old FIFO tier is stuck. What causes this? Can I see details?

    I have a client with an item that has 2 FIFO tiers: 1 from 2013 with 4 on hand (original qty of 8 when it came from PO) & 1 from 2016 with 5 on hand (original qty of 7 when it came from PO). Total on hand is correct, but they have had a bunch of POs…

  • What is the best explanation of how OVERDIST (over distribution) tiers that are created using FIFO?

    I understand how negative OVERDIST tiers occur, but a bit fuzzy on how positive OVERDIST tiers occur. Is there a good write up that someone has done that explains this process for both myself and my clients?

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