FIFO
Definition
First-in First-out
FIFO means First-in First-out. A method of stock valuation based on the assumption that the items remaining in stock are those which were purchased most recently.
✓ Verified term
First-in First-out
FIFO means First-in First-out. A method of stock valuation based on the assumption that the items remaining in stock are those which were purchased most recently.
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