FIFO Calculator for Inventory

Ending inventory under FIFO.

Ending inventory ($) 25,000

Step-by-step with your numbers:

1. Values used:

2. Beginning inventory = 10,000 $

3. Purchases = 50,000 $

4. COGS (from oldest costs) = 35,000 $

5. Ending inventory = 25,000$

Did we solve your problem today?

FIFO: oldest inventory sold first.

FAQ

Vs LIFO?

LIFO sells newest first — common in the US, banned under IFRS.