Home > Terms > English, UK (UE) > FIFO (first-in, first-out)
FIFO (first-in, first-out)
The assumption that the items of inventory that were purchased or produced first are sold first, and consequently the items remaining in inventory at the end of the period are those most recently purchased or produced.
This is auto-generated content. You can help to improve it.
0
0
Improve it
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Accountancy
- Company:
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
Industry/Domain: Automotive Category: Automobile
Self-driving car
A car that drives itself by automatically handling the steering, gas, and brakes with no help from the driver. Self-driving is made possible by the ...
Contributor
Featured blossaries
Browers Terms By Category
- Biochemistry(4818)
- Genetic engineering(2618)
- Biomedical(4)
- Green biotechnology(4)
- Blue biotechnology(1)
Biotechnology(7445) Terms
- World history(1480)
- Israeli history(1427)
- American history(1149)
- Medieval(467)
- Nazi Germany(442)
- Egyptian history(242)
History(6037) Terms
- Cooking(3691)
- Fish, poultry, & meat(288)
- Spices(36)
Culinary arts(4015) Terms
- Authors(2488)
- Sportspeople(853)
- Politicians(816)
- Comedians(274)
- Personalities(267)
- Popes(204)
People(6223) Terms
- Poker(470)
- Chess(315)
- Bingo(205)
- Consoles(165)
- Computer games(126)
- Gaming accessories(9)