FIFO / LIFO And Average Formula
Need fifo, lifo and average formula ....
View Complete Thread with Replies
Related Forum Messages:
- Inventory: FIFO, LIFO And Average Cost
- Formula =AVERAGE(B16:L16) To Give The Average
- FIFO Calculations
- Fifo Inventory Valuation ...
- First In First Out Inventory (FIFO) Userform
- Fifo Method Of Stock Valuation
- Calculate Inventory Value Using FIFO Method...
- FIFO Inventory Method Balance Tracking
- First In First Out (FIFO) Accounting For Equity Trade's Book Cost
- Formula For Average
- Daily Average Formula
- AVERAGE Formula Getting #VALUE! Error
- Formula AVERAGE The Sheet
- Average Formula For Different Columns
- Formula Average The Values
- Array/average Formula
- Formula To Return An Average
- Complex Average Formula.
- How To Incorporate An If Then Else Function To An Average Formula
- Specialized Average Formula Needed
- Weighted Average Formula Population
- Need Assistance With Average Calculation Formula
- Average Formula On Daily Basis
- Filtering & Average Formula
- Formula To Average Cells In A Range
- Average Formula When Sample Size Changes
- Formula - Trying To Average A Column That Has Percentages
- Average Formula With Empty Cells
- Formula To Calculate Average Of Every Other Cell
- Average Formula For A Specific Condition
- Formula For Average Daily Balance
- Running Average Formula/Function
- Database Formula For Average Of Top 20%
- Average If Formula Multiple Workbooks
- Formula To Count Multiple Ifs And Take An Average
- Formula To Get An Average Based On A Dropdown List
- Dollar Weighted Average Sumproduct Formula:
- Formula That Will Provide A Weighted Average Rate
- Formula To Return The AVERAGE By Calendar Quarter
- If,average,sum Formula, For Rating Chart
- Average And Minimum Function In Array Formula
- Formula For Possible Weighted Average Or % Completed For A Process
- If FORMULA: If The Mark Is Less Than Or Equal To 20, The Answer Is AVERAGE
- Formula - Average Values That Match Criteria
- Formula To Find A Name And Average Other Cells In The Same Row
- FIFO Inventory- COGS & Inventory Valuation
- Formula To Calculate Average Number Of Rebills Per Client
- Average Formula- Data Avaliable And Discard Any ZEROS
- Formula That I Can Add, Subtract, Divide, Average, Etc, Etc These Numbers
- Average Formula Dropping Lowest Value Or Blank Cell
Inventory: FIFO, LIFO And Average Cost
I need to compare and calculate the Unit Cost Price of my Inventory based on the 3 methods of inventory valuation: FIFO (First In, First Out), LIFO (Last In, First Out) and Average Cost.
Next, I enclose 3 snapshots of each method with the results required (columns color yellow).
Formula =AVERAGE(B16:L16) To Give The Average
I'm using the formula =AVERAGE(B16:L16) to give me the average.
However I have a couple of problems with this. Firstly I would like to exclude the value zero from the average. Secondly to also ignore the lowest and highest values.
Example, if the values in the cells are 0,1,2,3,4,5,6,7,8,9,10 then the current result shows 5, by ignoring the 0 and lowest value 1 and highest value 10 the average should be 4.5.
I have inventory... with starting product at a certain cost, received product at a new cost, and used product. I want to assume that we are using FIFO.
What I need is a total cost (what I have paid) for what is sitting in my freezer.
Column A is START (5)
Column B is RECEIVED (6)
Column C is USED (2)
Column D is END (9) or (A1+B1-C1)
Column E is OLD COST ($12.20) cost per unit of those 5
Column F is NEW COST ($13.50) cost per unit of the 6 i got in
So I need in Column G a FIFO formula for total cost of what I have in the fridge.
Fifo Inventory Valuation ...
I have a workbook with a series of #'d tabs corresponding to different pieces of inventory tracked independently (I've simplified it significantly and attached it). I would like to use the First-in First-out inventory valuation method to calculate the current cost of inventory. A manual calculation and description of the method and the proper result is included in the sample file.
I have come across numerous references to http://www.cpa911.com/read_article.asp?ID=46 here, via google, other messageboards, etc; however, when I have tried implementing it, even as described, it never seems to work! (Note: I've included the code and set it up per their instructions in the attached file...of course, unless I misinterpreted their instructions and my problem lies there...) Moreover, I'm not sure how I would implement this particular macro anyways using named regions considering the same macro would have to be run across several sheets. As a result, the named ranges would always pull data from only the one sheet containing the named range required by the macro . This begs the question of whether there a way to create unique named ranges for each sheet that would be interpreted correctly by a single macro running across multiple sheets...
If this is at all unclear, I would be more than happy to rephrase any/all parts. After all, this problem has been aggravating me for weeks, and I am at the mercy of this forum's gifted coders who may not be well versed in accounting theory.
First In First Out Inventory (FIFO) Userform
I have a worksheet containing data for a product my company manufactures. I want to make a userform with 1 combobox and 4 textboxes for first in first out management of inventory. From the columns in the worksheet the combobox = "Product", textbox1= "Container", textbox2= "Production Date", textbox3= "Warehouse Location", and finally textbox4= "Sheduled Ship Date".
I need it to work by the user selecting a particular product in the Combobox, based on that the first 3 textboxes are populated based on the oldest production date for that particualr "Product". The user can then input into the 4th textbox "Schedule Ship Date" the appropriate date, then hit a command button to update the spreadsheet with the "Scheduled Shipping Date" ...
Fifo Method Of Stock Valuation
I have a file where I want to make a report which will put the stocks having positive balances along with their prices and values.
Stocks are to be valued on FIFO (First in first out) method ie when the stocks are sold it means it were sold from the first lot bought and so on.
Reporting is required for Shares Held For eg. for Stock A, Buy qtn is (50+50+100++100) and sell qtn is 100 So total balance is Buy Qtn 300 - sell Qtn 100 = 200 Sell Qtn 100 will out of first 50 & then next 50 (First in so first out) balance held in hand is out of last two Qtn 100 purchases. The prices are corresponding to these two lots of 100 stocks.
Reporting will be for Stock held (lotwise) See Sheet 2 of the file attached.
Basis of price will be fixed ie no formula etc and corresponding to those lots.
Actually these data are copied from web qwery so formula etc are not required. For cost purpose, price and Total correponding the balnce qtn lot are relevant
In case more clarification required, do let me know. I will try to make them clear.....
FIFO Inventory Method Balance Tracking
I've been trying to come up with either a formula or a macro (I'm a novice in VBA so it would probably take me forever to figure it out) to track the FIFO balance (First In-First Out) of items at any given point in time. I have attached a sample spreadsheet with the example and all the notes that might help figuring this out.
I want to stress that I'm not trying to calculate any cumulative balance or any FIFO pricing whatsoever; just separate tracking of the purchase balances at any point in time after varous sales using the FIFO balance.
First In First Out (FIFO) Accounting For Equity Trade's Book Cost
I have a number of equity trades (both purchase and sales). I need to know the book cost of those sale trades to figure out the realized gain/loss according to First-in-first-out method.
Since the unit sold may included units bought at different time and different price, so I have to first exhaust the first lot that I purchase before moving into second lot, and so on and so for.
Column G - J are for illustration. I highlighted K10, K11 and K12 are book cost that I want to calculate. Instead of manually separating out units in each lot previously bought. Is there an automatic way? I would not mind adding new columns to ease calculation.
Formula For Average
Cell: F6 is to represent "average weekly offering".
D2:D53: represents the Total Given Year To Date.
I need a Weekly Average for Offering, so is it possible to have a formula that can show the average weekly offering in cell F6?
Daily Average Formula
I need to count the daily average of a task to a week ending number.
I need to see the current average after each day during the week. Example Mon = 2, Tues = 4 AVERAGE is 3 Wed = 2 AVERAGE IS NOW 2.6
and so on averaging out after each day is added.
AVERAGE Formula Getting #VALUE! Error
I am trying to do an average of quartely results (2008 results) and because certain quarters can have no data present then my quarter shows 0%. But if i do a simple average of all Qs then the 0% affects my overall year to date. I need to keep the 0% because it may be a legit value. So i've devised a way to is if we actually have something in the cell (using isblank). So i test with isblank and if something is present then i use the Quartely value. It could be 50% or it can be 0%.
I would like to incorporate the snapshot but i can't because i do not have access to uploading a picture. If any of you wish i could email the pictures. When i test out my formula in different cells its works but when i combine them all together i get #VALUE! error.
In the example the error comes from the Q3 which test out and should give "" but when its added to the formula i gert #VALUE!. Shouldn't the average function disregard "" cells?
My formula is:
Maybe my logic is flawed or there is a better way to do it. Either way i would like your opinion on it.
Formula AVERAGE The Sheet
There are (i think) 5 t-ball coaches
25 5 yrs old
44 6 yrs old
each were score on RUN, THROW, GROUND BALL, FLY BALL, BATTING,
scores were: 5-Excellent, 4-Very Good, 3-Good, 2-Average, 1-Fair
So I was thinking of making 5 sheets (one for each coach, with their scoring for each players)
The last sheet will be what the Average would be for each area from each coach, giving me a general idea about the players that I didn't get to watch and score.
So how would I formula the Avarage sheet?
Again I'm on short notice, and need to have this done on Sunday, when the information starts to come in and I can data-entry the scores, and have it ready for Monday nights draft.
Average Formula For Different Columns
Looking for an average formula.
All found formulas average within a string (ex. A1:F1).
My spreadsheet contains a series of three columns.
Column A reflects a number stat for a month (January).
Column B reflects another number stat for the same month (January)
Column C reflects the difference between Columns A & B.
Column D reflects a number stat for the next month (February)
Column E reflects another number stat for the same month (February)
Column F reflects the difference between Columns D & E.
and so on.
I would like to average the rows stats reflected in Column A, D, G, J, and so on.
Also, I would like to average the rows stats reflected in Column B, E, H, K, and so on.
Also, I would like to average the rows stats reflected in Column C, F, I, L, and so on.
Formula Average The Values
I am trying to do a stock ( goods) inventry for a catering industry, meaning most good swill keep havinf cost prices changing.
I am trying to use a LIFO system. To achieve the end result, i am trying an average formula and i am trying something as follows:
To try it out, i created a similar page with the same amounts but using a normal multiplication and division formula, the totals dont marry.
Trying to average multiple cells that are not consecutive and contain zeros that i want to disregard. I have tried to do an array formula but the cells must be consecutive so I am at a loss. This is what i tried. =AVERAGE(IF(A2,A8,A12<>0,A2,A8,A12,))
Formula To Return An Average
I am working on formula to return an average of data.
Currently it is matching a text criteria.
Thus if (the text in) column a = (the text in) column b, (return the average of) column c.
The formula that I am using is =IF(A:A,B:B,AVERAGE(P:P))
This is returning - #value!
Now is this a formatting problem in column P? Or is the formula I am using incorrect?
I know that the text criteria (col A & B) matches.
Complex Average Formula.
The number of columns vary, but the number of rows is constant. Lets assume, max_col is the number of columns and max_row is the number of rows per report.
Then, I need the following logic as VB macro.
for row = 6
F6 = (G6*G4) + (H6*H4) + (I6*I4)+...+ ("max_col:6" * "max_col:4") / (G4+H4+I4... "max_col:4")
Specialized Average Formula Needed
In order to avoid embedding 12 if statements, I want to take an average of a selection of cells based on what month it is. So I have a "now" function, and then a month function referencing the "now" cell so that I get the current month as a number 1 through 12. I have a row of expenses (C14:N14) and I just want the average from January up to the current month. The reason I can't take an average of the entire selection is because the users don't want to have to enter a 0 everytime there's nothing, they'd like to leave it blank, so the sheet needs to recognize what month we're up to. And the average function in Excel only takes an average of the data that is present, not the entire range. For example, if the data in the first cell was 15, second cell was 15, and third cell was blank, the average function returns 15 and not 10. So what I need is, for example, if it's March, the average will calculate =average(C14:E14) and so on. Any ideas? Maybe it's a simple change of formula instead.
Weighted Average Formula Population
See attached picture. This shows Profit and Growth for the stores in each region.
The percentage total is weighted based on the profit of each store in the region.
What I have is an excel sheet with hundreds of regions (going down), all with a different amount of stores. I need a way to populate each of its Region % Total with the weighted average formula (in my example, cells C8, C12, and C20) while also varying the formula to include only the stores in the region.
For example, C8 calculates the weighted average for %s in rows 2 through 7 (6 stores), but C12 calculates it for rows 9 through 11 (3 stores). I need the formula to vary based on the number of stores.
Need Assistance With Average Calculation Formula
I get a "#value" error message when I utilize the formula noted below. I seperated it into distinct sections so that it is easier to view. Basically, what the formula is doing is determining whether if two values are the same, then take the absolute difference of the average of other values ,excluding one of the previously noted values, and compare that difference to a different parameter. If the difference does not exceed the parameter, then calculate the difference; otherwise the ending result is zero. Pls. note that the error seems to occur when I input the fifth section into the formula.
Average Formula On Daily Basis
How to go about fixing my spreadsheet so I am not having to manually update it each day..here is my forumla I am currently using...=(AVERAGE($D$2:$AH$2)-C5)*AI5...basically i need the cell below in D2 to change as every day a new day rolls off..for example the following day I need this formula to be =(AVERAGE($E$2:$AH$2)-C5)*AI5 ....so just that day changes.....do I need to use an If/then statement? if so how?
Filtering & Average Formula
I'm building a yearly workbook with multiple worksheets (i.e. one for each month, quarterly reports and one final yearly report). My question is that although I can have the data transfer easily to my quarterly and year end report sheets, I can't seem to figure out how to filter my data and then calculate an average based on personnel averages in the various categories I have set up.
My example is that I want to be able filter my personnel shifts (i.e. 7am, 3pm, 11pm, etc) and then set up a formula which can for example calculate a column of data and average it only based on the employees working that particular shift. My formula should adjust for the shift time I pick.
Average Formula When Sample Size Changes
I am computing the average of anywhere from 5-10 numbers. When the numbers are not inserted there is nothing left in the cell. The problem is I get a value that is close to the average but not the real average. (Also the cells I am using are N37:Q41 for the first 5 samples which is constant the next 5 are not always constant W37:Z41) Here is the formula I am using:
I have the same problem with a standard deviation formula and the same group of numbers (I get something close but a few points off).
Formula - Trying To Average A Column That Has Percentages
I have been working on this for days and cannot come up with a answer to this. I am trying to average a column that has percentages. some of the cells have o's in them and the numbers that I am trying to average is a weekly number. So I am trying to average every 7 days percentage. Is there a way to do this? I have looked thru the forum and all over the web and can't come up with an answer. I have excel 2003. Do I have to write a macro for this or can I just do a formula? If so how do I do it?
Average Formula With Empty Cells
I have a grade system where I need to obtain an "Average" of grade data within four cells. At time there may onlt be two cells with a value or three. Example: The cell cell cantain a value of 100 points with the totral of 400 point. AS we know the "Average" would be 100 points. But is only two cells cantained 100 point and the other two where empty then the "Average" come back as 50 points. Because I have 4 cells that requires a value input. So my question is how do I create a formula that will give the correct value for the "Average" of data that is placed in the cells. The values are calculated as a total from the grades entered. That total is in F14, F31, F48, F65 - Now if F14 has a value of 100, and F31 has a value of 100 then the "Average" should be 100, but it is not for the is calculating F48, and F65 as 4 values, so the return is 50. The situtation is that I need all the cells for in some cases data will be necessary, but I need the "average" to be calcalated for only the values entered.
Where is the Formula.
=IF(SUM(F14,F31,F48,F65)=0,0,AVERAGE(F14,F31,F48,F65)) - My brain says this is simple but no matter what I do it returns 50.
Average Formula For A Specific Condition
I have been asked at work to get some averages of data from an excel sheet. I have attached a sample workbook of the data i will be using. On Sheet1 is the data that will be looked at and on sheet2 is a sample of the results i need to achieve. I can get the data on sheet2 easy if i knew that data was static but in my case the data is going to be dynamic, so i don't know how many records each person is going to have each time if that person shows up in the record set at all. This rules out on static ranges to gather averages.
So far what i came up with is i use a macro to copy all the "Names" column to sheet 2 and then filter that data so that each name is unique, sort like a "key" for looking up values. Now i need to get averages of "Total Hours" worked in sheet 1 and display it in sheet 2 for each "Name". I have a formula worked out and almost have it where i want it but cant seem to get the range of data i need to be looking at. I need to get the Average Of hours Worked Per Person Where "Wk End Date" is greater than 1/1/2008 and the "name" matches up with the name in sheet 2.
Formula For Average Daily Balance
Am trying without success to create a formula to calculate average daily balance from a ledger that has a variable amount of entries per month. The variability of # of entries has me stumped. For example:
Aver Daily Bal = 23.78. and I can get this easily manually, but I'd like a more automated solution. I'm trying a sumproduct angle, to no avail.
Running Average Formula/Function
I wonder if it is possible to formulate a formula in which average values are recalculated after every added record.
Record 1 shows an amount of 200 so the average value after 1 record is (200/1) 200. Record 2 shows an amount of 250 so the average value after 2 records is ((200+250)/2) 225. Record 3 shows an amount of 210 so the average value after 3 records is ((200+250+210)/3) 220.
I don't want to calculate all averages manually and most probably there must be a formula that is able to recalculate the average value after another record is added to the file.
Database Formula For Average Of Top 20%
I have a database of information for which I need to be able to calculate the average of the top 20% for each column for all those rows that meet a certain criteria. In other words, I need a formula that's equivalent to the DAVERAGE function but I only want it to work on the top 20% of records that meet the criteria range that I've specified (as opposed to DAVERAGE which works on 100% of records that meet the criteria range). The database continues to grow so I'm unable to predetermine what quantity makes up this top 20%. I've attached a small sample file to show you what I'm talking about.
Average If Formula Multiple Workbooks
I have several Workbooks ( named 110807, 180807 upto 100508) which include many worksheets(Lets say named Mon, Tue, Wed etc). The format of these workbooks is identical but the numbers within are different. I also have a separate " Totals" workbook in the same folder within which I need to calculate the average of all H15 cells across the whole range of Tue worksheets but only if Cell H3 in the same Tue worksheets is >0. The problem seems to be asking for a =AVERAGE(IF formula but no joy.
Formula To Count Multiple Ifs And Take An Average
Im having a problem finding a formula that will count and take an average of multipul ifs.
On sheet 1 of the attached file is multipul queries raised for us to answer.
On sheet 2 is an empty table which i would like help formulating.
In the Submission Lag Time Column i would like a forumla that looks down Column L on Sheet 1 and gives me an average for the amount of days a query has been with us from each company (column B) per month (going off the dates in column D).
I the same formula will be used for the other 3 columns, put looking down a different column on sheet 1.
Formula To Get An Average Based On A Dropdown List
Im creating a spreadsheet at work, which has a drop down box with the options of open and closed in it.
I also have a column for length of time of the claim, what i need to do, is now find a way of getting a average length of a claim, but only to see the closed option from the drop down box.
open date - 02/06, closed date - 01/07, dropdown box - closed, life - 29
open date - 10/06, closed date - n/a, dropdown box - open, life - -39400
as you can see from the example above, i cant simply do a average of the whole column, as would read the open ones as well. so is there a way of doing the formula, but telling it to only see the open, or closed ones?
Dollar Weighted Average Sumproduct Formula:
I've been trying to figure out a dollar weighted average formula in excel.
See attached file...
In sheet 1, I need to pull data from sheet 2 using a sumproduct formula to find the dollar weighted average maturity of a bond portfolio. Basically, I need to know how many days the portfolio has left to mature according to the portfolio's weighting by the amount in column H.
Formula That Will Provide A Weighted Average Rate
I would like to a formula that will provide a weighted average rate (yellow cells) for a provided volume level, given the tiers on the left. I have already performed this the "dumb" way with lots of IF statements to figure the volume by tier and then taking a weighted average of the products with the rates by tier, but there's got to be a more efficient way. My file is huge! ....
Formula To Return The AVERAGE By Calendar Quarter
I'm trying to write a formula to return the AVERAGE by calendar quarter, IF
the quarter has ended.
For instance, IF Jan = 5, Feb = 20, Mar 5, Average would be 10.
But, if Mar was 0 (only meaning no activity) I still need it to calculate.
The formula I started with is -
This works only if cells A1:A3 have a value greater than 0. How can I write
the formula so that as long as A3 is not blank that it will return the
If,average,sum Formula, For Rating Chart
I'm trying to get a formula working that is basically for a rating chart. The chart is somewhat simple, but the formula is a bit complex (for me anyway)
So the details are the rating is on three axis with three levels, and here is what I need to do.
At the moment the formula below works, but it isn't 100% accurate because I actually need to take an average of F5+G5 then take that value and add it to H5 then divide by two to get the proper average of the two charts. (if that makes sense.
Here is the formula that I thought would have worked, but Excel begs to differ
I played with the brackets quite a bit thinking I had something in the wrong order, but nothing seems to work. I always get FALSE in the field and an error as well when I enter the formula.
Formula For Possible Weighted Average Or % Completed For A Process
I am trying to figure an easy way to create a formula or possibly even a simple macro to determine % completed of a particular activity (milestone) within a process. Within each activity there are 5-10 items that need to be accomplished. Each Activity could have a different number of items. In order to provide status at an activity level, each item within the activity will be designated with an N/A (0%), Not Started (0%), Just Begun (25%), Half Complete (50%), Wrap up (75%), or Completed (100%) from a drop down box that the user will select. Each one of these criteria can have a weight assigned to it that is in parenthesis. How do I come up with a formula based on the choices above to reach an overall percentage for the activity at any given time and then tell me status level in descriptive terms of the overall activity....
Formula - Average Values That Match Criteria
The attached workbook has two tabs:
1. Burn Rate - this is where I need my formula to calculate
2. prorder - this is where the table will be
What I need:
1) from 'Burn Rate', get the 'PO ID' we will look up in the table.
2) go to 'prorder' - when the 'PO ID' there matches that same 'PO ID' from the other worksheet - take the value in column F - this is the number that will be averaged.
In other words - in 'Burn Rate', for a given 'PO ID' (column A), I want to average all of the values that are found in column F in 'prorder', and return that average to 'Burn Rate' (column B).
FIFO Inventory- COGS & Inventory Valuation
I had been trying really hard to get some solution on COGS valuation & inventory valuation on FIFO basis. my daily transactions are typical sales & purchases.
Attached is the inventory in/out movement from Quick Books. in the column "Num" type bill is the entry from purchase bill whihc always has a reference as P/O####. This is how i will capture the landed cost against a PO., another type "Inv Adj" is inter warehouse transfer. Name is cusotmer, Inventory is my item number. in some cases it is like "2000", in some cases it is 10000:10121, and in some cases it is 10000:10200:10201 that is why they fall in different columns when i export them.
What I would lilke to do: 1) Run a report by month, by customer showing cost of goods sold on FIFO basis, I can capture sales amount by running another report.
Formula To Calculate Average Number Of Rebills Per Client
I need help with a formula to calculate average number of rebills per client.
I don't know how to get excel to add the number of unique client in a given row. Example
Formula needs to calculate number of Unique clients. In this case, the answer is 5, but how can I get excel to calculate for me?
Average Formula- Data Avaliable And Discard Any ZEROS
This is info I have in a column
The formula in each cell is
=REPLACE(Track!B58,5,11,"") the reason behind this is that the info originally is entered into one cell like 25.0 x 32.0 and I wanted to use a part of the cell for column A and the other for column B.
My dilema is that I want to average the row which I have tried loads of formulas etc which are not working
I use this as sometimes not all cells are filled in so I want it to average only the data avaliable and discard any ZEROS.
However when I use this formula it is just coming up with
how to enter a correct formula so I can get the average.
Formula That I Can Add, Subtract, Divide, Average, Etc, Etc These Numbers
Imagine I have cells A1 to A5 with a sequence of "numbers" like this:
A1 = 50-55
A2 = 45-67
A3 = 56-90
A4 = 49-80
A5 = 51-55
The left hand side numbers represent a score a minus sign (-) to separate and the right hand side represent another score. I want a formula that I can add, subtract, divide, average, etc, etc these numbers.
If I want to add the left hand scores, for example, cells A1 to A3, sum would be 151 (50 + 45 + 56).