FIFO

[FIFO]

Inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold

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Noun
inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold

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Usage Examples
Misspelled Form

FIFO, FIFO, IFO, FIFO, FIFO, FFO, FIFO, FIFO, FIO, FIFO, FIFO, FIF, FIFO.

first inventory accounting which oldest items those acquired assumed sold

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