How To Fix M8871 - No LIFO method is specified in Customizing for layer version &

SAP Error Message - Details

• Message type: E = Error

• Message class: M8 - Invoice Verification/Valuation

• Message number: 871

• Message text: No LIFO method is specified in Customizing for layer version &

Self-Explanatory Message

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• What is the cause and solution for SAP error message M8871 - No LIFO method is specified in Customizing for layer version & ?

  The SAP error message M8871 indicates that there is no Last In, First Out (LIFO) method specified in the Customizing settings for the specified layer version. This error typically arises in the context of inventory management and valuation methods, particularly when dealing with stock layers in SAP.
  
  Cause:
  The error occurs when:
  
  The system is trying to process inventory transactions that require a LIFO valuation method, but the necessary configuration for that method has not been set up in the system.
  The layer version specified in the error message does not have a LIFO method defined in the Customizing settings.
  
  
  Solution:
  To resolve this error, you need to ensure that the LIFO method is properly configured in the Customizing settings. Here are the steps to do that:
  
  
  Access Customizing:
  
  Go to the SAP Easy Access screen and enter the transaction code SPRO to access the SAP Reference IMG (Implementation Guide).
  
  
  
  Navigate to Inventory Valuation:
  
  Follow the path: Logistics > Materials