First In, First Out (FIFO)
Accounting method of valuing inventory under which the costs of the first goods acquired are the first costs charged to expense. Commonly known as FIFO.
Source: New York State Society of CPA's Accounting Terminology Guide
Accounting method of valuing inventory under which the costs of the first goods acquired are the first costs charged to expense. Commonly known as FIFO.
Source: New York State Society of CPA's Accounting Terminology Guide