This module is used to apply FIFO cost calculation at the lot or serial level instead of the product level.
- Purchase:
- Lot A: 100 units at $10 each.
- Lot B: 100 units at $12 each.
- Sale:
- 50 units from Lot B.
- COGS Calculation:
- 50 units * $12 = $600 assigned to COGS.
- Ending Inventory:
- Lot A: 100 units at $10 each.
- Lot B: 50 units at $12 each.