MB-310 Exam Dumps | You are a functional consultant for a legal entity named Contoso Group (GLCO). You plan to sell new products

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Microsoft.MB-310.v2024-05-13.q127
Question 48

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Question 48/127

You are a functional consultant for a legal entity named Contoso Group (GLCO).
You plan to sell new products that will increase in quality over time.
You need to implement a solution that uses the Last in, First out (LIFO) inventory model for GLCO.To complete this task, sign in to the Dynamics 365 portal.

Correct Answer:

See explanation below.
Explanation:
You need to configure an Inventory Model Group for the new products.
* For inventory model groups, navigate to Inventory management | Setup | Inventory | Item model groups.
* Click "New" to create a new inventory model group.
* In the "Cost method and cost recognition" section, configure the "Inventory Model" setting to Last in, First out (LIFO).
* Click "Save" to save the inventory model group.

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