FIFO

From 1

First-in, first-out. An inventory valuation method, which allocates cost on the assumption that goods are consumed or sold in the order that they were acquired.

Discussion:

This area is for debates on this topic.

Footnotes:

See Also (links to blogs, forums, external sources, etc...):

Tags:
none
 
Images (0)
 
Comments (0)
You must login to post a comment.