Finance

LIFO Inventory Calculator

Calculate COGS and ending inventory using the Last-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

LIFO Method:
Sell newest inventory first
COGS uses most recent purchase costs
Ending inventory uses oldest purchase costs
Higher COGS in rising prices → lower taxes