Costing Method

is there any method to change average costing method to FIFO and LIFO?

1 Like

Sorry No

@Abeiku, i think there should be, because i think average costing can’t depict the original picture of your business. Because it is based on purchasing of item rather it is from supplier or it is returned back from the customer on sale price. it will be added to your on hand inventory where it should base on original price of item , may you not agree with me

please make possible to average costing method to FIFO & LIFO