1. How to use Vlookup &
simple (Excel) formula
for inventory
Transactions
By Pavithra Ravindar
http://freelearningfrompc.blogspot.in/

2. Purpose Of using Vlookup in inventory
formula’s
Sections:
1. Lesson into
2. Comparing Values
3. Matching Values
4. Extreme fast result

3. Why we need to use VLOOKUP
Formula
1. Easy to find error’s from 1 sheet to 2 sheet
2. Time Management( we can reduce 80% of
our time from using Vlookup function
3. Extremely fast & easy to check value results
4. Simple logic that works for whole inventory’s
values

4. Example Inventory Formula &
explanation
1. Updating Previous month closing Values in
current month Opening values
2. Calculating closing values with simple
formula
3. Calculating weighted average values
4. Find product cost with total value

5. Updating Previous closing & current
opening values
Step By Step Formulas :1. =vlookup(lookup_value,table_array,col_index
_num,[range_lookup])
QTY
VALUE

7. Calculating closing values with simple
formula
1. Opening qty + receipt qty – issue qty =
Closing Qty

9. Calculating weighted average values
• Opening Value + receipt Value – issue Value =
Closing Value

10. Find product cost with total value
• Receipt value / receipt qty = product cost