First In First Out

Business, Legal & Accounting Glossary

Definition: First In First Out


First In First Out

Quick Summary of First In First Out


First In First Out. A method of valuing the cost of goods sold that uses the cost of the oldest items in inventory first.




Synonyms For First In First Out


FIFO


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https://payrollheaven.com/define/first-in-first-out/
Modern Language Association (MLA):
First In First Out. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/first-in-first-out/.
Chicago Manual of Style (CMS):
First In First Out. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/first-in-first-out/ (accessed: March 29, 2024).
American Psychological Association (APA):
First In First Out. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/first-in-first-out/

Definition Sources


Definitions for First In First Out are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 21st November, 2021 | 0 Views.