Inventory Costing - FIFO

schamskevi

New Member
Joined
Mar 3, 2016
Messages
3
Hello,

I am trying to create a formula in MS Excel that will find the average cost per unit using the FIFO costing method based on the units in inventory and a purchase ledger (quantity, price, total etc.). If a purchase is marked as contract I would NOT like it included in the average cost per unit.

Here is the example organized:

Inventory Level 25000

InvoiceContractQtyPriceTotal
12345675001.088100
12345765001.157475
123458x75001.5511625
12345985001.1810030
12346075001.128400
123461x65001.5510075

<tbody>
</tbody>

Calculation
2500*1.08= $2,700
$7,475
$11,625
$10,030
+$8,400
$28,605 ÷ 25000 = $1.142





 

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