How to use MRL1 - Perform LIFO Valuation: Single Matl

MRL1 - Overview

• Transaction Code: MRL1

  Description: Perform LIFO Valuation: Single Matl

  Release: S/4HANA and ECC 6

  Menu Path:

  • Logistics > Materials Management > Valuation > Balance Sheet Valuation > LIFO Valuation > Perform check > On Individual Level
  • Information Systems > General Report Selection > Materials Management > Value Assignment > LIFO Valuation > Valuation on Individual Level

• • Program: RMLIFO00

    Screen: 1000

    Authorization Object:

  • Development Package: MRY

    Package Description: Balance Sheet Valuation

    Parent Package: APPL

  • Module/Component: MM-IM-VP

    Description: Balance Sheet Valuation Procedures

MRL1 - Details

• SAP Tcode: MRL1 - Perform LIFO Valuation: Single Matl

  
  Overview:
  MRL1 is a SAP transaction code used to perform a Last In First Out (LIFO) valuation for a single material. This transaction code is used to calculate the value of inventory based on the last in first out principle. It is used to determine the cost of goods sold and the value of inventory on hand. 
  
  Functionality: 
  MRL1 allows users to calculate the value of inventory based on the LIFO principle. This transaction code is used to determine the cost of goods sold and the value of inventory on hand. It also allows users to view the stock movements for a single material, as well as view the stock values for each movement. 
  
  Step-by-Step How to Use 
  To use MRL1, users must first enter the material number they wish to perform a LIFO valuation for. Then, they must select the valuation type (LIFO or FIFO) and enter the date range for which they wish to view stock movements. Finally, users can view the stock movements and values for each movement. 
  
  Other Recommendations: 
  It is recommended that users familiarize themselves with SAP’s inventory valuation methods before using MRL1. Additionally, users should ensure that all stock movements are accurately recorded in order to ensure accurate results when performing a LIFO valuation.