Setting up costing in Odoo

In Odoo, removal strategies and costing methods are specified at the product category level. This means that you could have one set of products that use standard costing while another uses a FIFO strategy. Let’s see how to setup a FIFO strategy for our coffee mugs.

Go to the Inventory menu then under Configuration choose Products->Product Categories.

Product Categories

Here we see that we have setup a category Novelty Items that has the Parent Category of All / Saleable. Under Logistics we have chosen the First in First Out option. Finally, under Inventory Valuation we have chosen First in First Out (FIFO) for our ...

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