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Inventory working FIFO Method

  1. #1
    Registered User
    Join Date
    03-15-2007
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    62

    Inventory working FIFO Method

    I am looking for Inventory working on FIFO ( First In First Out) Method working formula in excel worksheet. I made worksheet based on Purchase Sale and Stock. but I am getting wrong valuation for stock in the formula i am using What i am looking for is, if i have purchased 100 (@ $1), 20 (@ $2), 30 (@ $3) units on day 1,2,3 respectivly and sold 50 units on day 4 then value of my stock of 100 units should be 50 (@ $1), 20 (@ $2), 30 (@ $3) $180 and not the weighted average of balance. also attached working sheet.
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  2. #2
    Forum Contributor WinteE's Avatar
    Join Date
    04-07-2007
    Location
    Netherlands
    Posts
    544

    Re: Inventory working FIFO Method

    See attached file for calculation of the current stock.
    Attached Files Attached Files
    Just keep it simple !


    http://www.excelguide.eu
    In English as well as in Dutch

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