Finance

FIFO Calculator for Inventory

Ending inventory under FIFO.

Calculated Output

Ending inventory ($) 25,000

Step-by-Step Breakdown

1. Values used:

2. Beginning inventory = 10,000 $

3. Purchases = 50,000 $

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

5. Ending inventory = 25,000$

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Frequently Asked Questions

Vs LIFO?

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