FIRST-IN-FIRST-OUT (F.I.F.O.)


Meaning of FIRST-IN-FIRST-OUT (F.I.F.O.) in English

An accounting method for valuing the cost of goods sold that uses the cost of the oldest item in inventory first.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.