Calculate Inventory Value Using FIFO Method...
Sep 16, 2008I need help to calculate inventory value using FIFO method...
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FIFO Inventory Method Balance Tracking
Jul 7, 2009I'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.
FIFO Inventory- COGS & Inventory Valuation
Aug 18, 2009I 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.
First In First Out Inventory (FIFO) Userform
Nov 23, 2009I 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 Inventory Valuation ...
Jul 14, 2007I 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.
Tracking Age Of Inventory In Warehouse FIFO Accounting
Mar 8, 2014I 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.
Inventory: FIFO, LIFO And Average Cost
Oct 14, 2005I 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).
Fifo Method Of Stock Valuation
Jun 29, 2007I 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.....
How To Calculate Inventory Coverage
Apr 11, 20141/A
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I
[Code]...
I am trying to calculate the inventory coverage. In C3, I have the inventory amount as of january-end, which is 47,6 M. I want to know how many days of inventory I am carrying, according to the later months cogs figures. In this example, I calculated it as 110 days of inventory. is there a single formula I can use, to calculate the inventory coverage for january, and copy it accross the all columns?
VBA / Function To Calculate Effect On Inventory?
Jul 6, 2014I am making an excel sheet which can track the hypothetical effect building an order has on current inventory. The user is to change the quantities in this hypothetical order whenever they want.
It is composed of two sheets, the inventory sheet and the model sheet. The inventory sheet has the costs of every part carried and how many are currently in stock. The model sheet has a breakdown of what parts are required to build the different models.
I am looking for a function or VBA which can take a hypothetical order (build xx of model one + build xx of model two + build xx of model three), see how many total parts are needed, then calculate and display the effect it has on current inventory. This is only to see the hypothetical effect on inventory, not to actually change the inventory in the inventory sheet.
I've attached what I have so far - most everything is completed except for this final calculation. I have tried using the VLOOKUP function in VBA to try and come up with a solution but I couldn't figure out the best way to go about this. I think the hardest part might be that a hypothetical order can be made up of all three models.
Calculate Cost Basis Of Inventory
Dec 14, 2008I need a macro to calculate the cost basis of the inventory. ( Field F3 and F4 in Sheet1)
Please refer to attached sheet....
Calculate Inventory Months Supply
Mar 26, 2009I am trying to calculate Inventory Months Supply.
I can calculate the months suppply as shown below in multiple cells, but I am looking for a formula to do in one cell..
The correct result in this example is: 2.26048
Formula: Calculate The Weeks Cover Of Current Inventory
Jun 10, 2008Calculate the weeks cover of current inventory based on a sales forecast. the forecast is in weekly buckets so I was thinking using some form of loop statement within the function which basically starts with the inventory figure then subtracts the forecast week by week until the inventory figure is less than the weekly forecast. I should then be able to divide the inventory by forecast and add back the number of loops to give me the weeks stock figure.
I have done this using if statements but it will only allow me to use 10 statements in the function and I need to do this for a full years worth of forecast.
Does anyone have a suggestion as This problem is becoming quite frustrating.
Here's an example of how the spreadsheet looks
Forecast103050205040Inventory 20019016011090400Weeks Cover6.05.04.03.02.01.0
How To Print Multiple Inventory Labels Based On Inventory Levels
Sep 10, 2012How 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????
Eliminating Sold Inventory From The Inventory List
Aug 8, 2006I 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.
Second Tab Is Inventory Numbers And The First Tab Has My Inventory Items
Feb 27, 2007I 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 RelatedFIFO Calculations
Feb 21, 2010I 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 / LIFO And Average Formula
Jun 15, 2009Need fifo, lifo and average formula ....
View 8 Replies View RelatedFIFO Roster Calendar Identifying Same Days Off
May 10, 2014Make 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 RelatedFirst In First Out (FIFO) Accounting For Equity Trade's Book Cost
Apr 23, 2009I 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.
Error 'Method Range Of Object Global Failed' On FindNext Method
Dec 10, 2008I'm trying to get the Find and FindNext methods to work. Column C contains serial numbers and there's a chance that a serial number might appear more than once in the column. What I'm trying to do is get Excel to find the first occurance of the serial number, find what row it's on and then see if this matches the variable 'CurRowNo' (defined earlier in the code). If it doesn't I want it to look at the other occurances of the serial number, find what row they're on and see again if it matches CurRowNo.
The variable 'EngCount is the number of occurances of the serial number (also worked out earlier in the code). I've got the code below, but I get the error 'Method Range of Object Global Failed' on the FindNext line. I have no idea what this error means or why it's happening.
'Select Method' Failure 'error 1004 Select Method Of Range Class Failed'
Oct 28, 2008My workbook holds a month template and sheets for each month. I work on modifications in the template ,but would then like to update all the monthly worksheets. I recorded a macro to show me how to start programming the vb sub, but get a runtime failure 'error 1004 Select method of range class failed' when trying to select the column to copy,
View 4 Replies View RelatedSubtract From Inventory
Jan 28, 2008Firstly i am running Excel 2003 (at work)
Now my problem is that i have been asked to make a spreadsheet about Printer and Fax Cartridges (Zzzzz) but i do not know how to do the sum.
this is how my Spreadsheet looks like this (cartidge amount etc all on top line of spreadsheet)
(Hp45 etc all down left hand side) ...
SUM Of Daily Inventory
Feb 9, 2010I AM TRYING TO SUM OF EACH DAILY INVENTORY ITEM. PREVIOUSLY I USED FORMULA SUGGESTED FROM TEETHLESSMAMA (=SUMPRODUCT(--($A$5:$J$13=A19),$B$5:$K$13)).
BUT THIS FORMULA NOT WORK FOR NEW FORMAT OF INVENTROY DATA. I tried to make some change in it to get the result, which is not working well.
Inventory Sorting
Jul 3, 2009I am doing inventory right now and need help sorting numbers that I have. Ex:
I have numbers like
10
1001
101
AB1394-10
AB2948-MPG
XD89-MPG KIT
F64 KIT
GSW294-HD10
I need something that will help me sort it by the numbers only (numerically by the first part only). I want the above numbers to look like the following after sorting:
10
F64 KIT
XD89-MPG KIT
101
GSW294-HD10
1001
AB1394-10
AB2948-MPG
Basically, I'm trying to get the computer to sort the numbers numerically by disregarding any letter before the number.
Inventory Tracking
Feb 12, 2007I 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?
View 6 Replies View RelatedInventory Count ..
Mar 7, 2007I am trying to figure out a formula for doing my inventory. I have items with control numbers on them and I would like to determine how many items there are. Example Starting #12335A Ending #12445A, if you subtract 12445A from 12345A you get 10, but in the inventory you need to count the ending number as it still remains in your count, so the answer is actually 11. I have been using for example =Sum(A8,-A9) +1 to get the correct number. However, if I have additional lines on my report that do not have inventory in them, they will show an incorrect total of 1 because of the +1 in the formula. I am trying to figure out how to do this calculation without having to delete and add the formula each time inventory is added. I have people that will not go near the formulas, so I need it to total with out having to be changed.
View 8 Replies View RelatedInventory Worksheet
Apr 17, 2009I am trying to put together an inventory worksheet and I have a rec'd column and a usage column, followed by a total column. I want to be able to havea formula in the total column at all times, so whoever updates the inventory sheet just needs to put rec'd and used. What I am trying to do though, is have the total row for a particular month blank, unless someone enters a rec'd amount or a used amount.
View 9 Replies View RelatedInventory Tracking ...
Jan 29, 2010So 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....
Inventory Spreadsheet Formula
Nov 5, 2009I'm trying to set up an inventory spreadsheet for my work, but i'm running into a snag.
What I want to do is have three columns that interact with eachother.
1. Units in stock
2. Reorder Level
3. Reorder Tolerance
4. Status
What I want, is to have the status column react in one of three ways. Either "In Stock", "Reorder Needed" and "Out of Stock".
So if units in stock is at 110, with a reorder level of 100, and a tolerance of 10%, I want the Status to show "Reorder Needed" with a red cell color. But if stock is at 111 or more, I want it to be shown as "In Stock". Zero should be "Out of Stock".