📦 FIFO Inventory Calculator

Calculate ending inventory value and COGS using the FIFO (First In, First Out) inventory method.

Enter inventory batches (oldest first) and units to sell.

Batch	Units	Cost/Unit ($)
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Units to Sell (COGS calculation)

FIFO vs LIFO

FIFO assumes oldest units are sold first. During inflation, FIFO results in lower COGS (older, cheaper inventory used first) and higher taxable income. LIFO (last in, first out) is the opposite — higher COGS, lower taxes during inflation. LIFO is not permitted under IFRS.

FIFOInventoryCOGSAccountingFirst In First Out

📦 FIFO Inventory Calculator

Cost of Goods Sold (FIFO):

FIFO vs LIFO