How to use CKMLBB_FIFO_CALCULAT - Calculate FIFO Prices

SAP Transaction Code - Details

• Transaction Code: CKMLBB_FIFO_CALCULAT

  Description: Calculate FIFO Prices

  Release: S/4HANA and ECC 6

  Menu Path:

  • Logistics > Materials Management > Valuation > Balance Sheet Valuation with Material Ledger > Calculate FIFO Prices
  • Logistics > Materials Management > Valuation > Actual Costing/Material Ledger > Balance Sheet Valuation Procedures > Calculate FIFO Prices
  • Logistics > Materials Management > Material Master > Environment > Material Ledger > Balance Sheet Valuation Procedures > Calculate FIFO Prices
  • Logistics > Production > Master Data > Material Master > Environment > Material Ledger > Balance Sheet Valuation Procedures > Calculate FIFO Prices
  • Logistics > Production - Process > Master Data > Material Master > Environment > Material Ledger > Balance Sheet Valuation Procedures > Calculate FIFO Prices
  • Logistics > Central Functions > Engineering > Material > Environment > Material Ledger > Balance Sheet Valuation Procedures > Calculate FIFO Prices
  • Accounting > Controlling > Product Cost Controlling > Actual Costing/Material Ledger > Balance Sheet Valuation Procedures > Calculate FIFO Prices

• • Program: CKMLBB_FIFO_CALCULATE

    Screen: 1000

    Authorization Object:

  • Development Package: CKMLBB

    Package Description: Balance Sheet Valuation in Material Ledger

    Parent Package: APPL

  • Module/Component: CO-PC-ACT

    Description: Actual Costing/Material Ledger

Smart SAP Assistant

• SAP Tcode: CKMLBB_FIFO_CALCULAT - Calculate FIFO Prices

  
  Overview: 
  The SAP transaction code CKMLBB_FIFO_CALCULAT is used to calculate FIFO (First In, First Out) prices. This code is used to determine the cost of goods sold and inventory values based on the FIFO method. 
  
  Functionality: 
  The CKMLBB_FIFO_CALCULAT transaction code is used to calculate the FIFO prices of goods in inventory. It takes into account the cost of goods purchased, the quantity of goods purchased, and the quantity of goods sold. The FIFO method is used to determine the cost of goods sold and inventory values. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code CKMLBB_FIFO_CALCULAT in the command field. 
  2. Enter the material number and plant for which you want to calculate FIFO prices. 
  3. Enter the date range for which you want to calculate FIFO prices. 
  4. Select “Calculate” to generate a report with the FIFO prices for each material and plant combination within the specified date range. 
  5. Review the report and make any necessary adjustments to your inventory values or cost of goods sold calculations. 
  
  Other Recommendations: 
  It is important to note that this transaction code should only be used if your company uses the FIFO method for calculating inventory values and cost of goods sold. If your company uses a different method, such as LIFO (Last In, First Out), then this transaction code will not be applicable. Additionally, it is important to ensure that all material numbers and plants are entered correctly in order for accurate results to be generated.