CalHub

LIFO Calculator for Inventory

Ending inventory under LIFO.

Ending inventory ($) 20,000
Step-by-step with your numbers:
1. Values used:
2. Beginning inventory = 10,000 $
3. Purchases = 50,000 $
4. COGS (from newest costs) = 40,000 $
5. Ending inventory = 20,000$
Did we solve your problem today?

LIFO: newest inventory sold first.

FAQ

Inflation?

LIFO gives higher COGS and lower taxes in inflation.

Related calculators

FIFO Calculator for Inventory Ending inventory under FIFO. Cost of Goods Sold Calculator Calculate COGS from inventory and purchases. Inventory Turnover Calculator Find inventory turnover and days of inventory.