I am trying to build a spreadsheet that would average the inventory that we currently have stored. As our inventory is constantly changing, I need to know at any given time the cost of what is in inventory based on a percentage (liquid). Ideally I would like to enter a percentage of what we have in a tank, and get the average price of that based on loads that have come in to fill it... however, the first load that comes in to fill the tank needs to be the first load that leaves...
example: 500 gallons come in at $1.00, 500 gallons come in at $.80, 500 gallons come in at $.50 But we only have 700 gallons in our inventory, I would need to average the last load of 500 gallons at $.50 and a partial amount of the second load 200 gallons.
So if there was some way enter the percentage of what the tank actually has in it and a formula that could compute the true average cost of it, I would be thrilled!
ANY HELP is APPRECIATED!
example: 500 gallons come in at $1.00, 500 gallons come in at $.80, 500 gallons come in at $.50 But we only have 700 gallons in our inventory, I would need to average the last load of 500 gallons at $.50 and a partial amount of the second load 200 gallons.
So if there was some way enter the percentage of what the tank actually has in it and a formula that could compute the true average cost of it, I would be thrilled!
ANY HELP is APPRECIATED!
