Welcome, Guest
Hello, RedesLast account activity on Jul 14, 2017
FIFO, or first in, first out, is a method in asset management and valuation. It basically means that assets acquired or produced first are also the assets that are sold first.
First In, First Out. A technique for valuing inventory by treating inventory acquired first as if it were sold first.
Method of inventory valuation based on the assumption that goods are sold or used in the same chronological order in which they are bought.
Please Log in first.