FIFO Inventory Tracker

[youracct]

I would appreciate any assistance I could get with this inventory formula. Thanks!

Purchased tons	cost per ton	tons used	FIFO ending value
25858.23	.3518	15858	3518.081

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I was using the following vba code to create a FIFO formula, but it does not work with decimals in column a for some reason.

=FIFO(A2,B2,C2,TRUE)

Admittedly I am quite new to VBA and would prefer to use formulas and even helper columns but this seems to work smoother except for the decimals throw everything off...and we must have the decimals for accuracy.

Option Explicit


Function FIFO(PurchaseUnits As Range, UnitCost As Range, UnitsSold As Range, Optional blnAscending As Boolean = False) As Double
Dim Counter As Long, UnitsAccountedFor As Long
Dim varPurchased, varCost
FIFO = 0
UnitsAccountedFor = Application.Sum(UnitsSold)
varPurchased = PurchaseUnits.Value
varCost = UnitCost.Value
If blnAscending Then
Counter = LBound(varPurchased, 1)
Do Until UnitsAccountedFor = 0
If varPurchased(Counter, 1) = 0 Then
Counter = Counter + 1
Else
varPurchased(Counter, 1) = varPurchased(Counter, 1) - 1
UnitsAccountedFor = UnitsAccountedFor - 1
End If
Loop
Else
Counter = UBound(varPurchased, 1)
Do Until UnitsAccountedFor = 0
If varPurchased(Counter, 1) = 0 Then
Counter = Counter - 1
Else
varPurchased(Counter, 1) = varPurchased(Counter, 1) - 1
UnitsAccountedFor = UnitsAccountedFor - 1
End If
Loop
End If
FIFO = Application.SumProduct(varPurchased, varCost)
End Function

 

[mse330]

youracct, I have just tried the function with the example you've provided & it's working fine even with decimals. Just try to increase the range instead of choosing 1 row

=FIFO(A2:A3,B2:B3,C2:C3,TRUE)

 

[youracct]

Mse330,
When more data is added on it will no longer return the correct inventory values