First In First Out. A method of valuing the cost of goods sold that uses the cost of the oldest items in inventory first.
Related information about FIFO:
- 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 ...
- Perpetual FIFO, LIFO, Average, and Comparisons ...
Learn about the FIFO, LIFO, and average cost flow assumptions under a perpetual inventory system. A comparison of the gross profit and inventory valuations ...
- What is FIFO - FIFO Definition - FIFO Calculation
Describes the term FIFO and how to calculate inventory cost using the FIFO method.
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- Definition of FIFO
An easy-to-understand definition of the technical term FIFO.
- fifo(7) - Linux man page
A FIFO special file (a named pipe) is similar to a pipe, except that it is accessed as part of the file system. It can be opened by multiple processes for ...