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Finding Average Cost per unit of Inventory Purchased

  1. #1
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    01-29-2013
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    Florida, USA
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    Excel 2007
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    Finding Average Cost per unit of Inventory Purchased

    Hello, I've been trying to get this figured out and I just can't seem to get it. I'm trying to find the average cost per unit of my inventory purchased based on a serial number. prices flux everyday so not every per unit cost of each transaction is the same but I have different units being purchased on different days. On Sheet 1 i have a material list with the serial no. a description of the material and i want to show the avg unit cost there.


    Serial No. ||| Material Description ||| Average Unit Cost
    1 ||| A
    2 ||| B
    3 ||| C
    4 ||| D

    Now on Sheet 2 I have a purchasing list. I used the Vlookup function to be able to plug in different serial numbers and then show the material description then i have a column for the price of that transaction, the quantity of that transaction, and the average unit cost of THAT transaction only.


    Serial No. ||| Material Description ||| Price ||| Quantity ||| Per unit cost
    1 ||| A ||| $50.00 ||| 100 ||| $0.50
    2 ||| B ||| $25.00 ||| 100 ||| $0.25
    3 ||| C ||| $25.00 ||| 50 ||| $0.50
    1 ||| A ||| $75.00 ||| 110 ||| $0.68
    3 ||| C ||| $35.00 ||| 50 ||| $0.70
    1 ||| A ||| $65.00 ||| 90 ||| $0.72


    So as you can see I bought Serial No. 1 (Material A) 3 different times with a per unit cost of $0.50, $0.68, and $0.72. Now I want to be able to show the average cost ($0.63) on Sheet 1 as well as for the other purchases.

    Thanks in advance for the help and if anything is confusing just let me know!
    Last edited by Gcolao0019; 01-29-2013 at 11:54 AM.

  2. #2
    Registered User
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    Norfolk, VA
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    Excel 2010
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    Re: Finding Average Cost per unit of Inventory Purchased

    Try this sumif/countif formula
    Attached Files Attached Files

  3. #3
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    03-23-2004
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    London, England
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    Excel 2019
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    7,062

    Re: Finding Average Cost per unit of Inventory Purchased

    AVERAGEIFS(Sheet2!E$1:E$6,Sheet1!A$1:A$6,"="&A1,Sheet1!B$1:B$6,"="&B1)
    and copy down
    Regards
    Special-K

    Ensure you describe your problem clearly, I have little time available to solve these problems and do not appreciate numerous changes to them.

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