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FIFO / LIFO And Average Formula

Need fifo, lifo and average formula ....

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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).

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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.

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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)
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Column C is USED (2)
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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 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.

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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" ...

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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.....

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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.

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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:
=average((if(and(isblank(F33),isblank(J33),isblank(N33))," ",R33)),(if(and(isblank(T33),isblank(X33),isblank(AB33)),"",AF33)),(if(and(isblank(AH33),isblank(AL33),isblank(AP33)),"",AT33)),(if(and(isblank(AV33),isblank(AZ33),isblank(BD33)),"",BH33)))

Maybe my logic is flawed or there is a better way to do it. Either way i would like your opinion on it.

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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.

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All found formulas average within a string (ex. A1:F1).

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Column D reflects a number stat for the next month (February)
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Now is this a formatting problem in column P? Or is the formula I am using incorrect?

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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.


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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.

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