Home > Term: First In, First Out (FIFO)
First In, First Out (FIFO)
An accounting method for valuing the cost of goods sold that uses the cost of the oldest item in inventory first.
- Part of Speech: noun
- Industry/Domain: Financial services
- Category: General Finance
- Company: Bloomberg
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Creator
- Jessehe
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(V.I.P) 32013 points - 40.13% positive feedback
