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).
Need fifo, lifo and average formula ....
View 8 Replies View RelatedI 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.
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" ...
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.
I need help to calculate inventory value using FIFO method...
View 9 Replies View RelatedI 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.
I am trying to create a worksheet that tracks the age o f the inventory in my warehouse. I am charged each week at an increasing rate and want to be able to track what these charges will be. I would like to be able to sum up the data below in a pivot table that shows how many units are falling into each age group, this would add up to a max o f 10 weeks o f increasing charges.
3/1/14 received 1000 units
3/6/14 ship 600 units
3/8/14 charge for 1 week at 400 units
3/8/14 receive 500 units (900 pieces on units)
3/13/14 ship 300 units
3/15/14 charged for 100 units at 2 weeks and 500 units at 1 week
This needs to be able to assume this is going on for 10 different items, I would like to be able to track the items independently and in bulk.
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.
I need a macro to calculate the cost basis of the inventory. ( Field F3 and F4 in Sheet1)
Please refer to attached sheet....
Example number 1:
You invested 10.000 Dollar in the year 1985 into a tempelton fund and waited 20 years. Result can be seen at many forums and stock plattforms
Example number 2:
In 1985 you had no 10.000 Dollar, but only 100 Dollar a month. You invested this 100 Dollar each month for 20 years.
How big will the difference be between example 1 and 2 ?
*** Background.
If a "share" will cost 100 Dollar, you will get 1 share for 100 Dollar. Next month share is down to 50 Dollar, you will get 2 shares for your monthly 100 Dollar. Next month share is up at 200 Dollar, you will get only a half share for your 100 Dollar. Its called cost average effect.
Tool should allow "play arround", to simulate various scenarios, talking into account growth rate, time period, monthly investment, fluctuation of a theoretical share. Idealy we would love to " import" e.g. famous fund history (eg. Tempelton, Pioneer) etc. to see how investment would have developed when a steady monthly payment would have been made.
I need a formula that will scan column A (Code)total the like items (also) add column B (Qty) if there is a number greater than 1. Then add the price ($) together and divide by the sum of A&B.
In other words find the average price for the total of each item..
A B C
Code Qty $
PH06003000 1 1504.8
PH06003000 1 1582.24
PH06003000 1 1606
PH06003000 1 1504.8
PH06003000 2 3009.6
PH06003000 1 1504.8
PH06003000 1 1504.8
PH06003000 1 1504.8
PH06024000 1 2499.2
PH06024000 1 2499.2
PH06024000 1 1896.07
PH06024000 2 3909.66
PH06024000 1 2240.7
PH06024000 1 2259.4
PH06024000 15 30030
PH06024070 1 2039.4
PH06024070 1 1958.66
PH06025670 1 2521.2
How do I print multiple inventory labels based on our inventory levels?
For example:
Item No 1000
Descr Window
Customer Taylor
PO 9001
Quantity 10
Item No 1010
Descr Door
Customer Jones
PO 9011
Quantity 35
I want to print 10 labels with the info from Item No 1000 and 35 labels from Item No 1010????
I am not an excel whiz, so I will need layman's terms if possible. I may have found a solution to my problem under another thread, but I couldn't understand it. I have only briefly worked with macros, a very long time ago. Here goes...
I have an inventory list that has not been updated for sales of the inventory, only for purchases. I have sales lists, generally by month, in separate spreadsheets. I am looking for a simple, efficient way of either eliminating or at least matching up the data in the sales list to the inventory list in order to remove sold items from inventory (on paper). I am hoping the result will be a fairly accurate inventory list, and related value, so that a physical inventory count won't be necessary at this time. Obviously I could copy all of the sales info into one spreadsheet, sort by inventory number, then manually delete all sold items from the inventory listing. I am REALLY hoping there is a better option.
I have a workbook. The second tab is inventory numbers and the first tab has my inventory items. I scan in the inventory number (unique) and it adds it to my inventory sheet. As I use inventory I scan the barcode and it inputs the serial number into my used inventory tab. What I need to do it when I scan the serial number for used inventory into the used inventory sheet to have it go to the inventory sheet and delete the line for that serial number.
View 9 Replies View RelatedIn a financial environment we have a calculator which uses iteration to allow for a cost being added to loan amount where the cost is based on the total loan amount. Iteration is set to 100 iterations with max change .001
On one PC the first time the calculator is opened it gives a particular (incorrect) result. If the input cells are cleared and the data re-entered, it gives the correct result. This only happens on one particular PC. Is there some other setting , other than the iteration setting, that would cause this?
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.
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.....
Make an interactive calendar in excel. I would like to have 3 sheets. One were I can enter the names and corresponding reoccurring roster, that would be days on days off, a second sheet that does all the calcs etc and returns days of which all or most of the people are going to have off at the same time, so we can organise things in advance and maybe a third sheet that shows an actual graphical display of this information like a traditional calendar.
View 2 Replies View RelatedI'm trying to make a worksheet where I can calculate the cost of a mobile postpaid subscription. It is charged per minute and the cost differs depending on which of the 2 available networks the customer is calling to. The first 20 minutes are free, not depending on network.
Edit:
Charges to network A is 1,79,- per minute after the first 20 minutes are spent.
Charges to network B is 2,29,- per minute after the first 20 minutes are spent.
To sum up:
1. The customer makes a call.
2. If there there are available free minutes, these should be spent first.
3. The customer is charged per minute, depending on network called.
Problem - billing spreadsheet for prisoner fee.
1 - 8 hrs = $55
9 - 24 hrs = $55 + $65 or $120
Anything over 24 hrs - $65 for each additional (24 hrs) ($185)
So if you were locked up for 6 hrs it is $55. If you were locked up for 18 hrs it is $120. If you were locked up for 28 hrs it is $185. And if you were locked up for 49 hrs it is $250. Cell F5 contains number of hours locked up - I would like cell I5 to calculate the cost of the stay. I am proud of myself for figuring out the date and time subtraction - but this part has me stumped.
I have an excel table that among other fields it has a [product Charge] field.. what im trying to do is to get a cost per row based on the [Product Charge] field.. so example if I have 10,000 rows and the total for that field is 1,000,000 the cost should be 100 ( [Product Charge] / total rows).... I then want to be able to use it in a pivot table...
View 1 Replies View Relatedim working on a VoIP company, and having a hard time to figure out a result on a little time.
the problem is finding a "least cost routing" wherein you will find the cheaper to higher price, and putting the results on a designated columns:
I am including an image, sorry if the image seems to be heavy and large:
as you can see: Column C contains the sale rate for the client, while Columns D to I, are the buy rates from our source carriers.
While the columns K to P, are the columns where should one source carrier should be fitted base on the buy rates, that is best fitted to the sale rate.
Red marks=are not suitable or non-profitable buy rate for the sale rate.
Sorry for the bad english, but i hope you get what i mean. this is only a sample from our Internal data.
I'm wondering how to display the following cost model on a graph (this is a piecewise-linear cost model for some production company):
Cost per unit for 0-10 units: $1
Cost per unit for 11-20 units: $3
Cost per unit for 21-30 units: $5
Cost per unit for 31-40 units: $8
Fixed cost: $100 (this is regardless of the number of units produced)
Basically I'm looking to construct a cost vs units graph.
I am trying to create vba macro that allows me to calculate cost per month.
I have created a basic table with two columns
Cost
Month
200
Jan
300
March
150
Jan
470
April
150
March
I have another sheet , that has two columns
Month - Cost
Jan
Feb
March
April
I am trying to sum up the value on sheet1 and input into sheet2 on the allocated month.
So far logic , that I have came up with is.
I create a For loop statement that looks column and sort each month into an array.
Than the second loop will use the array to find the cost with the allocated array value to sum it.
I am trying to figure out how to update cost from a manufacturers price sheet in excel. I have one worksheet that has the manufacturer's part number and my current cost. A=item number B= current cost. on the second sheet is the same setup but my price list has roughly 3500 rows and the vendor price sheet is 23000 rows. Is there a way to automate the cost replacement by comparing item number and if they are the same replacing cost on sheet one with cost on sheet two?
View 6 Replies View Relatedset up a cost based markup spreadsheet?
I need to be able to mark up values from 0.01-9.99 by 20% of their value, and 10.00 and above by 10% of their value.
I only know how to mark up values by a single percentage.
The job cost controller is not exactly what I need, so I have been trying to create my own. So far my progress has got me to be able to separate each laborer for each job.
Here is my query: I have a drop down menu that lists ten different tasks(i.e. carpentry, painting, demo, etc.) and I want each of the ten tasks to separate themselves. Is this a vlookup function? How do I make excel listen?
I am compiling a simple worksheet that will keep an ongoing track of labour costs in a production environment. The objective is to end up with a labor cost "per unit" for packing punnets of soft fruit.
The source data I have is;
1 - Start time and end time of the job
2 - Any breaks taken during the job
3 - The number of staff it took to do it
4 - The status of the staff (Supervisor, temp, etc) and their hourly pay rates
5 - The number of punnets packed.
With all of the above it should be a relatively simple exercise to calculate the cost per unit (and with a calculator is!). My problem appears to be that I am not formatting something correctly, because when I try to calculate the costs for the employees' my costs are obviously wrong. I have attached my early draft for reference, in the example shown I am showing that a supervisor earning £7.50 an hour worked for 1 hour 15 mins at a cost of £0.39
I am trying to create a simple formula to extract cost from a total that includes both cost and and a percentage for maintanance. Assume $100, 10% of which is maintenance the remainder is cost. If I just subtract 10% from $100 I get $90, however 10% of $90 is $9 which equals $99.
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