LIFO [AX 2012]

Updated: October 4, 2011

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

Last In, First Out (LIFO) is an inventory model in which the last—newest—receipts are issued first. Issues from inventory are settled against the last receipts into inventory, based on the date of the inventory transaction.

When you use LIFO, you can mark inventory transactions so that a specific item receipt is settled against a specific issue instead of using the LIFO rule.

We recommend a periodic inventory closing when you use LIFO as your inventory model.

For more information, and for examples that use LIFO as the inventory model, see About LIFO with physical value and marking.

Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).