Tracking Age Of Inventory In Warehouse FIFO Accounting
Mar 8, 2014
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.
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Jul 7, 2009
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.
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Aug 18, 2009
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.
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Apr 23, 2009
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.
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Jun 23, 2014
So i have many different list of items that i have supplied, pretty much shopping lists. I am now trying to create an inventory of my warehouse and i would like to see what i should buy more of and less of. is there a certain table or template or something i can plug in all my lists and have excel break down all the data and tell me whats what on all my info. i have about 45 different lists and each list has an average of about 150 line items.
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Jul 24, 2009
I've got these inventory numbers that I've been working with.
Last years Usage and this years usage combined per warehouse for each item.
Plus another sheet that has On-Hand counts per warehouse for each item.
What I'm trying to do is pull my usage count per item per warehouse and place it all on different sheets so that I can compare numbers and do a few different things.
On my data sheet I have the warehouse number, in my example, "TOT.", 0100, and 0101. In the next column is the item # and on the end is the total used for that item by that warehouse.
On my the individual warehouse sheets I have the warehouse number, and the item # and some other things.
What I need is someone to look for the warehouse name "TOT.", 0100, or 0101 and then find the Item # and get the total used from the total column. If it wasn't used or does exist then I need 0 to appear.
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Nov 23, 2009
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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Jul 14, 2007
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.
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Sep 16, 2008
I need help to calculate inventory value using FIFO method...
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Oct 14, 2005
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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Feb 12, 2007
I have a worksheet that has multiple units listed on it. Each unit has a materials used list with quantities. I want to reference this column to another sheet and get a total materials needed list and also reference it to my inventory and subtract that number from my materials on hand. how can I do this?
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Jan 29, 2010
So far I was able to find solutions to all of my small problems with excel just by searching here but with this one I need help and ideas how can it be done differently.
We need to track inventory from when its taken, when it was installed and we need to know every month when inventory is counted how much do we have on hand in our truck....
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May 31, 2007
Ive got an inventory of about 2000+ items as well as items that can be broken down into more specific groups such as colors, designs and sizes. What i want to know is how to get the correlation, thats excel function CORREL(), of each item for the time weve had it. The data I can provide is the monthly quanitity sold of the item.
For example I have item A.
Sold Month
5 1
7 2
4 3
5 4
and so on. Easy enough to do. My only problem is I would have to manually do that 2000+ times for my entire inventory to figure that out. What I wants is a command that can verify my item code, which is simple enough as I can convert the item code to something as simple as a string or leave it as is. Not every item has been in the system an equally long time though. If that were the case i could just copy it with blank cells to fill the space and copy and paste all the way down. So I need to find a way to get an IF statement to correlate the corresponding cells IF the item number matches the target cell. What I have right now is something to this extent.
=IF('2'!$A:$A,A1,CORREL('2'!$B:$B,'2'!$E:$E))
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Jun 28, 2007
A friend of mines wife has decided to get into MaryKay and he is wanting to create a spread sheet to keep track of the product she has.
He wants to be able to enter the product in and at the end of a show subtract whatever product she sold with a sheet showing what she has in stock.
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Jan 2, 2012
Quick rundown, I have a sales background, so other parts (accounting, inventory, etc) are what I want to improve so Im not running around when an order comes in, where is it, do I have it in stock.
I know microsoft has some templates, any worth downloading and starting with, then move the data or add functions to an inventory and accounting template to start, any other templates recommended for an online business.
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Sep 10, 2012
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????
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Aug 8, 2006
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.
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Nov 30, 2006
I have a 1046 line spreadsheet that I need to enter 8 additional lines after each current line. I would like to do this for the entire spreadsheet at one time. I also need to lable each of the 8 lines from the name of the org. line. For example, the org. line product name is 1234 and I need to lable the 8 additional lines under that product 1234-A, 1234-B, 1234-C, etc..
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Feb 27, 2007
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.
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May 28, 2008
I have a spreadsheet that update from the data warehouse (I do this manually daily) there is always new sports being added
When I update I would like a macro to check for new sports and if there is one then msgbox me and add it to my table on the next sheet that I use for lookups.
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Mar 11, 2014
I am trying (and failing miserably) to create a fomula to 'score' my pickers in a warehouse environment.
The basic variables are;
1) Units (Total quantity of units on picklist)
2) Lines (Number of different products on picklist)
3) Time (Total time to complete pick)
To give an example, if Units = 8, Lines = 1 and Time = 00:01, I want 'Score' to = 100.
(Based on benchmark, rounded down to lowest common denominators)
The added complication I face is the relationship between Lines and Units; it would take someone longer to pick 1 unit from 10 lines than 10 units from 1 line.
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Feb 21, 2010
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.
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Jun 29, 2007
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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Jun 15, 2009
Need fifo, lifo and average formula ....
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May 10, 2014
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.
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Jan 28, 2010
I'm trying to automate the calculation of my prepayment schedule. The linked image http://img402.imageshack.us/img402/2...mentqueryp.jpg shows the basic layout of how it will look. The yellow cells are going to be the only input cells but i'm unsure what formula will achieve the desired result i'm looking for across the remainder of the spreadsheet. Essentially I need the formula to look at the period (start and end dates) the invoice covers and apportion it correctly. The apportionment isn't a straight equal division per month though as it has to be calculated according to what element of the expenditure hasn't been realised yet.
For example in the car park rent line the figure of £8,000 in July is derived from the fact that that is how much hasn't effectively been incurred yet as it relates to the remainder of the invoiced period (Aug - Mar) and is calculated as 8/12 x £12000.
I hope you understand what i'm requesting, if not, let me know and i'll try to provide a better explanation.
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May 20, 2014
I am trying to make an accounting spreadsheet to be used with the game monopoly for my business students.
Each row I want to copy to a separate sheet within Excel.
For instance the row with the account title cash I want that to copy entire row to the cash worksheet. "go" revenue to the "go"revenue worksheet etc.
Date
Account
Debit
Credit
May 20
Cash
200
[Code] .......
Here are the sheets I set up to transfer to depending on the account title:
Cash
Properties
Acct.Pay. Monopoly Loan
"Go" Revenue
Rent Revenue
Misc. Revenue
Rent Expense
Misc. Expense
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Jun 26, 2014
I have formatted several cells with an Accounting style. However, the dollar sign doesn't show up until I click in the command line.
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Aug 15, 2013
I have a column of data that may or may not have a formula in them. The cells are formatted in Accounting, w/o the leading $ sign. (i.e. 133.57) The value zero shows up as a hyphen or dash.
The issue is the format of the cell. In that attached worksheet, i inserted two formulas in cell b6 and b7. Both formulas are exactly the same, but the formatting is different. One is in the accounting format, but the other is in general. When I run the code, only the general formatted cell gets found.
My real worksheet is in the accounting formatted code, so I don't want to change my worksheet's numbers into a general format. How I can find the zero value thats in an accounting format?
Below is a strip down version of the code.
VB:
Sub test()[COLOR=#333333]
[/COLOR] Dim rLookInADR As Range
Dim foundcell As Range
Set rLookInADR = Range("b1:b380")
Set foundcell = rLookInADR.Find(what:=0, LookIn:=xlValues, lookat:=xlWhole)
MsgBox (foundcell.Row)
End Sub
[COLOR=#333333][/COLOR]
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Dec 4, 2013
Looking for a way to correct what is going on with row 9. I need it to return either zero or empty, but also include the current formula.
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