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FIFO Inventory Tracking by Day - Not COGS

  1. #1
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    Lightbulb FIFO Inventory Tracking by Day - Not COGS

    Hi team,

    First time poster here. Having some difficulties tracking how long an item has been in inventory before being sold.

    Sample.jpg

    If only part of the total orders get fulfilled using a perfect FIFO and carrying over remaining orders to the next part of the day with new orders coming in by day, I'm wondering what might be the best way to track this to find the average time spent in inventory before being sold by day and over a selected period.

    Any experts out there might be able to help?

    Cheers,
    Nick
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  2. #2
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    Re: FIFO Inventory Tracking by Day - Not COGS

    Hello Nick and Welcome to Excel Forum.
    If I am understanding correctly it seems that the following should produce the correct results for I2:I5
    Formula: copy to clipboard
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    If the yielded results are not what you expect, please let us know the expected results as well as the rational for obtaining them.
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    Consider taking the time to add to the reputation of everybody that has taken the time to respond to your query.

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