FIFO. A method of valuing the cost of goods sold that uses the cost of the oldest items in inventory first.
Related information about First In First Out:
- FIFO - Wikipedia, the free encyclopedia
FIFO is an acronym for First In, First Out, which is an abstraction related to ways of organizing and manipulation of data relative to time and prioritization.
- FIFO and LIFO accounting - Wikipedia, the free encyclopedia
FIFO and LIFO Methods are accounting techniques used in managing inventory and financial matters involving the amount of money a company has tied up ...
- First In, First Out (FIFO) Definition | Investopedia
An asset-management and valuation method in which the assets produced or acquired first are sold, used or disposed of first. FIFO may be used by a individual ...
- What is first-in, first-out (FIFO)? definition and meaning
Definition of first-in, first-out (FIFO): Accounting: Method of inventory valuation based on the assumption that goods are sold or used in the same chronological ...
- first-in, first-out - The Free Dictionary
first-in, first-out (fûrst n fûrst out ). n. A method of inventory accounting in which the oldest remaining items are assumed to have been the first sold. In a period of ...
- first in first out - The Free Dictionary
Noun, 1. first in first out - inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold. FIFO · inventory accounting ...
- First In, First Out - Financial Dictionary - The Free Dictionary
An accounting method for valuing the cost of goods sold that uses the cost of the oldest item in inventory first. Ending inventory is therefore valued based on the ...
- What is FIFO - FIFO Definition - FIFO Calculation
Describes the term FIFO and how to calculate inventory cost using the FIFO method.