+ Reply to Thread
Results 1 to 11 of 11

FIFO Inventory

  1. #1
    Forum Contributor
    Join Date
    03-15-2012
    Location
    Myrtle Beach, South Carolina
    MS-Off Ver
    =IF(Win 7,"Excel 2010","Mac Excel 2011")
    Posts
    104

    FIFO Inventory

    FIFO.xlsHi Guys,
    I have been looking over this forum for an answer to this and I am stumped. Attached I have a sheet containing three tables; Bought, Sold, and Remaining Inventory. Each table has a column for five products; Eggs, Bread, Milk, Apples, and Yogurt. The first column of each table has a Purchase Order # (PO#) in it. I would like to be able to subtract the Sold from the Bought for Oldest to Newest PO# and put the remainder into the remaining inventory table. Once a PO# is at zero I would like to darken the cell to "Grey". Thank you in advance for the help.



    FIFO.xls
    Attached Files Attached Files
    Last edited by jakeisbill; 03-04-2014 at 01:13 PM.

  2. #2
    Forum Guru MarvinP's Avatar
    Join Date
    07-23-2010
    Location
    Woodinville, WA
    MS-Off Ver
    Office 365
    Posts
    16,295

    Re: FIFO Inventory

    Hi,

    In S4 put this formula and pull it down and across.
    =SUM(C$3:C4)-SUM(K$3:K4)

    I think this is what you want but am not completely sure.
    Attached Files Attached Files
    One test is worth a thousand opinions.
    Click the * Add Reputation below to say thanks.

  3. #3
    Forum Contributor
    Join Date
    03-15-2012
    Location
    Myrtle Beach, South Carolina
    MS-Off Ver
    =IF(Win 7,"Excel 2010","Mac Excel 2011")
    Posts
    104

    Re: FIFO Inventory

    Not exactly. I want to use the "First In First Out" or FIFO philosophy here, I want to use all of the eggs from the first PO# before going into the stock of the second PO#. But thank you for the help.

  4. #4
    Forum Contributor
    Join Date
    01-30-2011
    Location
    Vancouver, Canada
    MS-Off Ver
    Excel 2010
    Posts
    604

    Re: FIFO Inventory

    Hi, try clicking the button on the attached.


    Please Login or Register  to view this content.
    Attached Files Attached Files
    Last edited by Xx7; 03-04-2014 at 04:00 PM.

  5. #5
    Forum Contributor
    Join Date
    03-15-2012
    Location
    Myrtle Beach, South Carolina
    MS-Off Ver
    =IF(Win 7,"Excel 2010","Mac Excel 2011")
    Posts
    104

    Re: FIFO Inventory

    Thanks Xx7, it looks like the Pacific Northwest is on point today. That works very well for the conditional formatting, but I am still having trouble with the formulae for the third table. Any ideas?

  6. #6
    Forum Guru MarvinP's Avatar
    Join Date
    07-23-2010
    Location
    Woodinville, WA
    MS-Off Ver
    Office 365
    Posts
    16,295

    Re: FIFO Inventory

    Hi,

    Can you go through your reasoning on how to create table 3 using eggs only?

  7. #7
    Forum Contributor
    Join Date
    03-15-2012
    Location
    Myrtle Beach, South Carolina
    MS-Off Ver
    =IF(Win 7,"Excel 2010","Mac Excel 2011")
    Posts
    104

    Re: FIFO Inventory

    Sorry about that Marvin. I uploaded two different books both called FIFO The "Un"attached file is I completed the math manually. Sorry about that.

    On another note, Is there a way to use the =MOD() function to do subtraction instead of division?

  8. #8
    Forum Guru MarvinP's Avatar
    Join Date
    07-23-2010
    Location
    Woodinville, WA
    MS-Off Ver
    Office 365
    Posts
    16,295

    Re: FIFO Inventory

    Hi Jake or Bill,

    It is great to ask a question and get an answer that doesn't relate (anywhere close) to what was asked.

    My answer is certainly not!! The Mid Function can't be used in these kinds of problems.
    It is very bad also to put all your old eggs in the same basket.
    I hope this makes perfect sense based on your question above.

    Also Please see the (non) attached file for a perfect explanation of what I'm getting at.

  9. #9
    Forum Contributor
    Join Date
    01-30-2011
    Location
    Vancouver, Canada
    MS-Off Ver
    Excel 2010
    Posts
    604

    Re: FIFO Inventory

    I put it in the macro instead of a formula.. this should do it.


    Please Login or Register  to view this content.
    Attached Files Attached Files

  10. #10
    Forum Contributor
    Join Date
    03-15-2012
    Location
    Myrtle Beach, South Carolina
    MS-Off Ver
    =IF(Win 7,"Excel 2010","Mac Excel 2011")
    Posts
    104

    Re: FIFO Inventory

    Quote Originally Posted by Xx7 View Post
    I put it in the macro instead of a formula.. this should do it.
    Thanks Xx7, that does the trick. I greatly appreciate it.

    Quote Originally Posted by MarvinP View Post
    Hi Jake or Bill,

    It is great to ask a question and get an answer that doesn't relate (anywhere close) to what was asked.

    My answer is certainly not!! The Mid Function can't be used in these kinds of problems.
    It is very bad also to put all your old eggs in the same basket.
    I hope this makes perfect sense based on your question above.

    Also Please see the (non) attached file for a perfect explanation of what I'm getting at.
    I'm sorry that my message was confusingly written, I work on a production floor with many distractions away from my desk that cause me to lose my train of thought and garble my messages sometimes on forums.

    But I was referring to at the beginning and end of my first post there are links to the sheet that I finished manually editing the data. The file at the bottom of my first post is inside of a box that says "Attached Files". That is the file I assume you were referring to. Also I said =MOD() not =MID().

  11. #11
    Registered User
    Join Date
    05-09-2012
    Location
    Hyderabad
    MS-Off Ver
    Excel 2013
    Posts
    1

    Re: FIFO Inventory

    Hello Guys,

    I have a requirement for the FIFO Inventory system.

    I update the Purchase in one tab and sale in other tab and in the sales tab i want to see me purchase price based on the FIFO method.

    Can any one Help me.

+ Reply to Thread

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. FIFO Inventory Age
    By rehana moiz in forum Excel Programming / VBA / Macros
    Replies: 1
    Last Post: 06-08-2016, 11:35 PM
  2. Inventory FIFO
    By seolann in forum Excel Programming / VBA / Macros
    Replies: 1
    Last Post: 09-10-2013, 01:18 AM
  3. Please help me about FIFO Inventory.
    By sparemail72 in forum Excel Programming / VBA / Macros
    Replies: 2
    Last Post: 11-19-2012, 09:22 PM
  4. Inventory Age Formula Needed for FIFO Inventory
    By SWeisser in forum Excel General
    Replies: 0
    Last Post: 07-20-2012, 02:44 PM
  5. FIFO Inventory- COGS & Inventory Valuation
    By aromaveda in forum Excel Programming / VBA / Macros
    Replies: 10
    Last Post: 09-24-2009, 02:05 AM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Search Engine Friendly URLs by vBSEO 3.6.0 RC 1