Free Inventory Method Calculator - Takes accounting entries using the FIFO (first in first out) and LIFO (last in first out) inventory methods. This calculator has 1 input.
What 3 formulas are used for the Inventory Method Calculator?
Units in Ending Inventory = Units available for sale - Units Sold Ending Inventory (LIFO) = Units in Ending Inventory * Last Cost Entry Ending Inventory (FIFO) = Units in Ending Inventory * First Cost Entry