FIFO
Also known as “first in, first out”, this is an inventory valuation method based on the assumption that the first item acquired is the first item sold, and that the remaining items are the most recently acquired.
« Back to Glossary IndexAlso known as “first in, first out”, this is an inventory valuation method based on the assumption that the first item acquired is the first item sold, and that the remaining items are the most recently acquired.
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