Dear friends,
I'm David I have an excel which can calculate FIFO costing base on Items ID.
But unfortunately, It has some error that i can't solve it.
Below is the objective that I'm attempting to do.
I have two sheets, The first is Stock-In and the second one is Stock-Out.
The sheet Stock-In record all of goods that i purchased. Stock-Out record items that i withdraw out and whenever i insert item, quantity
Excel will calculate Cost value automatically and it also will refresh calculation at next the time if i make changing.
Here is the list of the two sheets:
Stock-In
Date Item Qty Price Value
01-Jan ItemA 10 5 50
02-Jan ItemA 15 7 105
03-Jan ItemB 5 10 50
03-Jan ItemA 4 8 32
Stock-Out
Date Item Qty SalePrice SalesValue CostValue
04-Jan ItemA 5 6 30 25
05-Jan ItemA 21 7 70 138
My problem is that in the Stock-Out sheet on 05-Jan when i withdraw ItemA from 1 to 20 of Qty the Excel calculate FIFO costing is correct but
when I try to increase up to 21 items the Excel calculate wrong FIFO costing.
Thus, Do you have any ideas with this?
Note: I attached my sheet with this Thread as well as highlight the issue on Stock-Out sheet.
Thank in advance for sharing your ideas.
DAVID
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