English - English
Definition of fifo in English English dictionary
- First in-first out; a system of stock rotation in which the merchandise that is received first by a store is the merchandise that is sold first
- (first-in, first-out) is an inventory cost flow whereby the first goods purchased are assumed to be the first goods sold so that the ending inventory consists of the most recently purchased goods
- First In First Out Queue handling method that operates on a first-come, first-served basis Contrast with LIFO
- See: first-in, first out (FIFO)
- First In First Out type of inventory valuation The first goods purchased are assumed to be the first goods sold (Proof that the Giant in Jack And The Beanstalk was actually an accountant: Fee FIFO Fum!)
- FIFO The first-in, first-out (FIFO) method of valuing inventories It assumes that first-acquired inventories (and their cost) were used first in production and later-acquired inventories are being held for future use Inventories information, where applicable, is provided in Items 10 and 11 of the census form
- first-in first-out (as opposed to LIFO – last-in first-out) A data structure or hardware buffer where items come out in the same order they came in
- (n ) First in, first out, a queue
- "First in, first out " An inventory valuation approach in which the cost of the earliest inventory purchases is charged against current sales The opposite is LIFO, or "last in, first out "
- First-in, first-out
- First in, first out
- inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold
- First In First Out A queued type of buffer
- See: First in, first out
- An inventory cost flow whereby the first goods purchased are assumed to be the first goods sold so that the ending inventory consists of the most recently purchased goods
- First-In, First-Outan accounting method for valuing the cost of goods sold that uses the cost of the oldest item in inventory first For mutual funds, this applies to the first shares purchased
- Abbreviation for first-in first-out
- First In First Out
- The first-in, first-out accounting method of valuing inventory It assumes that the first units in are the first to be sold and the units sold are costed at the initial price
- First In, First Out A type of data buffering that prevents data loss during high-speed communications
- The "First in First" Out method of valuing stocks The assumption is made that the oldest stock is sold first when valuing what remains at the end of the accounting period
- First In - First Out