C HAPTER 8 V ALUATION AND A CCOUNT A SSIGNMENT 229 20. How can we configure a LIFO valuation? You can configure a LIFO valuation by following these steps: Activate the LIFO --You can activate the LIFO valuation either by using the OMWE transaction code or by using the following menu path: SAP Customizing Implementa- tion Guide > Materials Management > Valuation and Account Assignment > Balance Sheet Valuation Procedures > Config- ure LIFO/FIFO Methods > General Information > Activate/ Deactivate LIFO/FIFO Valuation . Confi gure the valuation area or company code --You can configure the valuation area or the company code after activating the LIFO valuation by using the MRLH transaction code. Configure the movement type --After configuring the valu- ation area, you need to configure the material movement type. You can configure the material movement type by using the following menu path: SAP Customizing Imple-