FIFO Inventory Tracker

youracct

New Member
Joined
Feb 21, 2018
Messages
10
I would appreciate any assistance I could get with this inventory formula. Thanks!



[TABLE="width: 500"]
<tbody>[TR]
[TD]Purchased tons[/TD]
[TD]cost per ton[/TD]
[TD]tons used[/TD]
[TD]FIFO ending value[/TD]
[/TR]
[TR]
[TD]25858.23[/TD]
[TD].3518[/TD]
[TD]15858[/TD]
[TD]3518.081
[/TD]
[/TR]
[TR]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[/TR]
</tbody>[/TABLE]


I was using the following vba code to create a FIFO formula, but it does not work with decimals in column a for some reason.

=FIFO(A2,B2,C2,TRUE)

Admittedly I am quite new to VBA and would prefer to use formulas and even helper columns but this seems to work smoother except for the decimals throw everything off...and we must have the decimals for accuracy.

Option Explicit


Function FIFO(PurchaseUnits As Range, UnitCost As Range, UnitsSold As Range, Optional blnAscending As Boolean = False) As Double
Dim Counter As Long, UnitsAccountedFor As Long
Dim varPurchased, varCost
FIFO = 0
UnitsAccountedFor = Application.Sum(UnitsSold)
varPurchased = PurchaseUnits.Value
varCost = UnitCost.Value
If blnAscending Then
Counter = LBound(varPurchased, 1)
Do Until UnitsAccountedFor = 0
If varPurchased(Counter, 1) = 0 Then
Counter = Counter + 1
Else
varPurchased(Counter, 1) = varPurchased(Counter, 1) - 1
UnitsAccountedFor = UnitsAccountedFor - 1
End If
Loop
Else
Counter = UBound(varPurchased, 1)
Do Until UnitsAccountedFor = 0
If varPurchased(Counter, 1) = 0 Then
Counter = Counter - 1
Else
varPurchased(Counter, 1) = varPurchased(Counter, 1) - 1
UnitsAccountedFor = UnitsAccountedFor - 1
End If
Loop
End If
FIFO = Application.SumProduct(varPurchased, varCost)
End Function
 

Excel Facts

Add Bullets to Range
Select range. Press Ctrl+1. On Number tab, choose Custom. Type Alt+7 then space then @ sign (using 7 on numeric keypad)
youracct, I have just tried the function with the example you've provided & it's working fine even with decimals. Just try to increase the range instead of choosing 1 row

=FIFO(A2:A3,B2:B3,C2:C3,TRUE)
 
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