Formula to find the cost using First In First Out Basis

zaska

Well-known Member
Joined
Oct 24, 2010
Messages
1,046
Hello,

I want to learn the formula to find the cost under FIFO Basis

Example:

Source Table
QTYCOST
6050
4030
Total 100

<colgroup><col style="mso-width-source:userset;mso-width-alt:3693;width:76pt" width="101"> <col style="mso-width-source:userset;mso-width-alt:2816;width:58pt" width="77"> </colgroup><tbody>
</tbody>



QTYFormula ?
5050
550
550
1030
530
1030
530
1030
Total 100

<colgroup><col style="mso-width-source:userset;mso-width-alt:2816; width:58pt" width="77" span="2"> </colgroup><tbody>
</tbody>

Can anyone help me with the formula to find the cost under fifo basis

Thank you
 

Excel Facts

Which came first: VisiCalc or Lotus 1-2-3?
Dan Bricklin and Bob Frankston debuted VisiCalc in 1979 as a Visible Calculator. Lotus 1-2-3 debuted in the early 1980's, from Mitch Kapor.
Sumifs or lookup just can't figure out the logic.

Can any one help me?

How to find the cost from First tranch and then second tranch
 
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