FIFO calculation means calculation on the basis of First In First Out.
In a year we purchase goods on different rates, For Example In April I purchased 10 Pcs @ Rs. 5.00 In May I purchased 5 Pcs @ Rs. 6.00 In June I purchased 8 Pcs @ Rs. 5.50 So when I will put the consumption for the months it will calculate the consumption value on the basis of FIFO For Example In April Consumed 7 Pcs @ Rs. 5/- Value Rs. 35/- (Apr Purchase) In May Consumed 8 Pcs @ 5.625/- Value Rs. 45/- (3Pcs x Rs. 5/- Apr Pur) + (5Pcs x Rs. 6/- May Pur) Hope you understand the calculation. The closing value of stock will be calculated on the Balance Quantity (@ of last purchase rate) Thanks & Regards, BS From: excel-macros@googlegroups.com [mailto:excel-macros@googlegroups.com] On Behalf Of Maries Sent: Sun, 06-May-2012 11:46 AM To: excel-macros@googlegroups.com Subject: Re: $$Excel-Macros$$ Formula required for finding Consumption value for giving cons. Qty. Can you explain more about FIFO calculation..... On Fri, May 4, 2012 at 8:19 PM, B Sharma <sharma....@gmail.com> wrote: Dear Friends and excel experts,, I have a sheet in which there are columns like "Qty" "Rate" of purchase of items, In Another sheet I need a formula for auto calculation of consumption value of goods for the given quantity in FIFO method (First In First Out) I have tried all my known tricks, but failed.. Please help. Thanks & Regards, BS -- FORUM RULES (986+ members already BANNED for violation) 1) Use concise, accurate thread titles. Poor thread titles, like Please Help, Urgent, Need Help, Formula Problem, Code Problem, and Need Advice will not get quick attention or may not be answered. 2) Don't post a question in the thread of another member. 3) Don't post questions regarding breaking or bypassing any security measure. 4) Acknowledge the responses you receive, good or bad. 5) Cross-promotion of, or links to, forums competitive to this forum in signatures are prohibited. NOTE : Don't ever post personal or confidential data in a workbook. Forum owners and members are not responsible for any loss. ---------------------------------------------------------------------------- -------------------------- To post to this group, send email to excel-macros@googlegroups.com -- FORUM RULES (986+ members already BANNED for violation) 1) Use concise, accurate thread titles. Poor thread titles, like Please Help, Urgent, Need Help, Formula Problem, Code Problem, and Need Advice will not get quick attention or may not be answered. 2) Don't post a question in the thread of another member. 3) Don't post questions regarding breaking or bypassing any security measure. 4) Acknowledge the responses you receive, good or bad. 5) Cross-promotion of, or links to, forums competitive to this forum in signatures are prohibited. NOTE : Don't ever post personal or confidential data in a workbook. Forum owners and members are not responsible for any loss. ---------------------------------------------------------------------------- -------------------------- To post to this group, send email to excel-macros@googlegroups.com -- FORUM RULES (986+ members already BANNED for violation) 1) Use concise, accurate thread titles. Poor thread titles, like Please Help, Urgent, Need Help, Formula Problem, Code Problem, and Need Advice will not get quick attention or may not be answered. 2) Don't post a question in the thread of another member. 3) Don't post questions regarding breaking or bypassing any security measure. 4) Acknowledge the responses you receive, good or bad. 5) Cross-promotion of, or links to, forums competitive to this forum in signatures are prohibited. NOTE : Don't ever post personal or confidential data in a workbook. Forum owners and members are not responsible for any loss. ------------------------------------------------------------------------------------------------------ To post to this group, send email to excel-macros@googlegroups.com
