Compute COGS, Ending Inventory, and Profit with LIFO Method
Enter your inventory purchases and sales to calculate cost of goods sold, ending inventory, and gross profit using the Last-In, First-Out (LIFO) method. This tool is ideal for accountants, students, and inventory managers.
See how LIFO calculations work in real scenarios.
Two purchase batches, one sale.
Purchases:
Units Sold: 120
Sale Price: 15
Currency: USD
Three purchase batches, partial sale.
Purchases:
Units Sold: 100
Sale Price: 13
Currency: USD
All purchased inventory is sold.
Purchases:
Units Sold: 100
Sale Price: 10
Currency: USD
Gross profit not calculated.
Purchases:
Units Sold: 50
Currency: USD