Inventory Table
Perform calculations dynamically below to generate the analysis table.
Inputs
The Ultimate Guide to Inventory Valuation Tables
Welcome to the EasyToolz Inventory Table Generator. For product-based businesses, keeping track of moving inventory costs across multiple purchases is impossible without a structured table.
What is an Inventory Table?
An inventory table is a chronological schedule that tracks every batch of goods purchased, every batch sold, and the resulting running balance. It is absolutely necessary for calculating Cost of Goods Sold (COGS) under specific accounting methods like FIFO, LIFO, or Weighted Average.
How to Use This Generator
Build your inventory schedule easily:
- Beginning Balance: Enter the units and cost of inventory you started the period with.
- Purchases: Add rows for new inventory batches purchased during the period, including their specific unit costs.
- Sales: Input the total units sold.
- Generate: The table will visually separate the units sold (COGS) from the units remaining (Ending Inventory).
Why is a Table Necessary?
Because prices fluctuate. If you bought 100 widgets in January for $5 and 100 widgets in June for $7, and you sold 50 widgets in August, which ones did you sell? The inventory table maps out exactly which cost tier those 50 widgets came from based on your chosen accounting method.
Frequently Asked Questions
What is a perpetual vs. periodic inventory system?
A perpetual system updates the inventory table in real-time after every single sale (usually via barcode scanners). A periodic system only updates the table at the end of the month or year after a physical count.