First in first out: Difference between revisions
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== See also == | == See also == | ||
* [[IAS 2]] | |||
* [[Inventory]] | * [[Inventory]] | ||
* [[Last in first out]] | * [[Last in first out]] | ||
Latest revision as of 08:02, 24 August 2019
(FIFO).
Accounting - inventory.
A method of allocating inventory for valuation purposes which assumes that the inventory acquired or produced first is used first.
