Finance

FIFO Inventory Calculator

Calculate COGS and ending inventory using the First-In, First-Out method.

Enter purchase batches (oldest first):

Batch 1 Units

Cost/Unit ($)

Batch 2 Units

Cost/Unit ($)

Batch 3 Units

Cost/Unit ($)

Units Sold

FIFO Method:
Sell oldest inventory first
COGS uses earliest purchase costs
Ending inventory uses latest purchase costs

FIFO vs LIFO

Under FIFO, the first units purchased are the first sold. In rising price environments, FIFO results in lower COGS and higher profits compared to LIFO. Most companies outside the US use FIFO (IFRS requires it).