There is preliminary discussion in our company about changing our inventory valuation method in Sage 100. All skus are currently at Average Cost and discussion is to change to LIFO. I have been looking to find more information on the technical/system aspect on what is involved and more importantly, the  immediate impact on our existing inventory value (I am aware of the pros and cons of the different methods in a financial aspect). There is one school of thought that it will change the value of our inventory going forward...meaning all new incoming/outcoming skus will be valued with the new method and existing skus would be valued at the last average cost amount. I don't know if that is correct and I would be concerned that if it was not and changed the value of the existing inventory, it could be material.

Has anyone experienced a valuation method change?  Can you provide a bit of detail as to the steps and impact...ie change existing inventory or only newly acqured inventory, does existing sales orders/master orders  cogs amount change, ?

Thanks,

Terran