FIFO and pulling in cost for inventory

Our system is set up on FIFO.  Right now we run an inventory report every month that has:

ITEM NUMBER

QTY on HAND

Current COST (which comes off of the item card)

Since we run on a FIFO method we need to have the cost that we bought it at displayed also so we may have two line items of XXX one at $1 and 5 of the XXX at $3.

Is there a way for GP or Excel report builder to pull this in?

Thank you