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First-In-First-Out (FIFO)

First-In-First-Out (FIFO)
Inventory management principle basing valuation of goods sold on the cost of the items in the inventory that are oldest.

Related posts:

  1. Inventory
  2. Average Age Of Inventory
  3. LIFO (Last-in-First-out)
  4. Last-In-First-Out (LIFO)
  5. Basing Point
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