FIFO Inventory Visualizer
From Purchases to Cost of Sales, live in the Inventory Ledger.
Units Accounted For
0 / 0
Cost of Sales
$0
The Warehouse (FIFO Flow)
H+B: Available
U: Used (Cost of Sales)
L: Left (Closing)
Inventory Ledger
Ledger will be generated here...
💡 Common Mistake: Cost vs. Selling Price
Remember, the Inventory Ledger only tracks goods at COST PRICE.
- When Goods are SOLD: The correct account is 'Cost of Sales'. We never use 'Sales Revenue' in this ledger, as that records the selling price.
- When Goods are RETURNED: The entry also uses 'Cost of Sales' to reverse the sale at its original cost, not 'Sales Returns'.