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Inventory Age Formula Needed for FIFO Inventory

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    Excel 2007

    Inventory Age Formula Needed for FIFO Inventory

    I am looking for some insight as to how to go about building a formula that will allow me to age on hand balances. IE: Total on hand = 100 Purchase history by month: 2 in July, 6 in June, 50 in April, 50 in March. If aged the balance in March needs to be 2. Any assistance would be greatly appreciated.

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