LIFO/FIFO/WAC Example

Inventory Units Per unit price () Per unit price () Per unit price ()
Date Buy/Sell (Kg) (Down Trend) (Up Trend) (Constant)
Jan 1, 2017 Buy 600 7 5 8
Jan 10, 2017 Buy 500 6 6 8
Jan 15, 2017 Buy 300 5 7 8
Jan 20, 2017 Sell 1200 12 12 12

Revenue() 14400

Weighted Average price () 6.21 5.79 8

All Values in ()
FIFO LIFO WAC
Ending Inventory () 1400 1000 1157
COGS () 6700 7100 6943
Gross Profit () 7700 7300 7457

Ending Inventory () 1600 1600 1600

COGS () 9600 9600 9600
Gross Profit () 4800 4800 4800

Ending Inventory () 1000 1400 1243

COGS () 7700 7300 7457
Gross Profit () 6700 7100 6943

12000

10000

8000

6000

4000
Amount ()

FIFO
LIFO
2000
WAC

0
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