Hello all,

I would like to know the function for "Process Inventory Variance"?

After processed the inventory variance, will it update inventory value? The costing method for item is "FIFO".

Thank you

When you have stock left and the option "Assign to Inventory" is selected in session "Inventory Variances" (whina1516m000), the inventory value is updated. In that case a Warehouse Valuation/Retroactive Value Adjustment is booked in tfgld4510m000.

When the goods are not in inventory anymore, the variance will be posted to finance with a Warehouse Valuation/Value Correction booking.