How To Fix MY118 - Negative FIFO price for material &1 &2

MY118 - Overview

• Message type: E = Error

• Message class: MY - Messages for Balance Sheet Valuation(Low.Val.Det./LIFO/FIFO)

• Message number: 118

• Message text: Negative FIFO price for material &1 &2

What causes this issue?

The system has calculated a negative FIFO price for material &V1& &V2&.
This result is not allowed.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MY118 - Negative FIFO price for material &1 &2 ?

  The SAP error message MY118 "Negative FIFO price for material &1 &2" typically occurs in the context of inventory management and valuation, particularly when using the FIFO (First In, First Out) method for inventory valuation. This error indicates that the system has encountered a situation where the FIFO price for a material has become negative, which is not allowed.
  Causes:
  
  Incorrect Inventory Transactions: If there are incorrect postings or adjustments made to inventory, such as returns, adjustments, or incorrect goods movements, it can lead to negative FIFO prices.
  Price Changes: If the price of a material is changed after goods have been issued or consumed, it can lead to inconsistencies in the FIFO valuation.
  Stock Transfers: Issues during stock transfers between different storage locations or plants can also result in negative FIFO prices.
  Negative Stock: If the system allows negative stock levels, it can lead to situations where the FIFO price calculation results in a