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FIFO Calculation Help using Function

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  1. #1
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    03-02-2011
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    London
    MS-Off Ver
    Excel 2003
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    FIFO Calculation Help using Function

    Hello

    I am hoping this is an esay thing to fix but I have found a FIFO function to use in Excel and it doesnt seem to work. My VBA is basic and I cant step through the code as it is a function. All I basically want to calculate is the FIFO value of the sale quantity. As you will see in the attached its calculating some weird values.

    For the Sale on the 1st Nov I would expect the following:

    323 x 640 = 206,720

    For the Sale on the 2nd which goes across two inventory values I would expect the following:

    3,409 x 640 = 2,181,760
    392 x 668 = 261,856
    = 2,443,616 as sale USD value FIFO and then this would come off the closing value.

    Thanks for your help.
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