20 TermsHome > 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: Physics Category: Particle physics
Ordered amorphous carbon clusters (OACC)
An ultra-hard carbon crystal created artificially by subjecting solvated carbon-60 molecules to extremely high pressures more than 300,000 times than ...
Contributor
Featured blossaries
Browers Terms By Category
- Wireless networking(199)
- Modems(93)
- Firewall & VPN(91)
- Networking storage(39)
- Routers(3)
- Network switches(2)
Network hardware(428) Terms
- General boating(783)
- Sailboat(137)
- Yacht(26)
Boat(946) Terms
- Misc restaurant(209)
- Culinary(115)
- Fine dining(63)
- Diners(23)
- Coffehouses(19)
- Cafeterias(12)
Restaurants(470) Terms
- Poker(470)
- Chess(315)
- Bingo(205)
- Consoles(165)
- Computer games(126)
- Gaming accessories(9)
Games(1301) Terms
- Nightclub terms(32)
- Bar terms(31)