fifo+method

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• FIFO and LIFO accounting — methods are means of managing inventory and financial matters involving the money a company ties up within inventory of produced goods, raw materials, parts, components, or feed stocks.LIFO accountingIn LIFO accounting, a historical method of… …   Wikipedia

• FIFO — / fī ˌfō/ abbrfirst in, first out Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. FIFO abbrv. First in, first o …   Law dictionary

• FIFO — (f[imac] f[=o]), a. [acronym, First In First Out.] 1. (accounting) an accounting method in which goods in inventory are valued at the price of the most recent acquisition of each type of goods, and those used up from inventory are valued at the… …   The Collaborative International Dictionary of English

• FIFO — (First In First Out) system in which the first item stored is the first item retrieved (Computers); inventory method for valuing merchandise …   English contemporary dictionary

• FIFO — ☆ FIFO [fī′fō΄ ] n. [f(irst) i(n,) f(irst) o(ut)] a method of valuing inventories in which items sold or used are priced at the cost of earliest acquisitions and those remaining are valued at the cost of most recent acquisitions: cf. LIFO …   English World dictionary

• FIFO — See first in, first out. American Banker Glossary ( first in, first out) An accounting method for valuing the cost of goods sold that uses the cost of the oldest item in inventory first. Bloomberg Financial Dictionary * * * FIFO FIFO [ˈfaɪfəʊ ǁ… …   Financial and business terms

• FIFO — I. /ˈfaɪfoʊ/ (say fuyfoh) noun a method of storing and retrieving items from a stack, table or list on the principle that first in is first out. Compare LIFO. {F(irst) I(n) F(irst) O(ut)} II. /ˈfaɪfoʊ/ (say fuyfoh) adjective 1. → fly in fly out.… …  

• FIFO — First in, first out. A method of accounting for inventory which assumes that goods are sold in the order in which they are purchased, i.e., the oldest items sold first. The other common inventory costing methods include LIFO (last in, first out) …   Black's law dictionary

• FIFO — First in, first out. A method of accounting for inventory which assumes that goods are sold in the order in which they are purchased, i.e., the oldest items sold first. The other common inventory costing methods include LIFO (last in, first out) …   Black's law dictionary

• First In, First Out - FIFO — An asset management and valuation method in which the assets produced or acquired first are sold, used or disposed of first. FIFO may be used by a individual or a corporation. For taxation purposes, FIFO assumes that the assets that are remaining …   Investment dictionary

• Average cost method — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …   Wikipedia