FIFO Definition

FIFO

Definition

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

Reproduction of all or part of this glossary and/or this page, in any format, without written consent is prohibited. If you have questions about this dictionary please feel free to contact us feedback\@\investorguide.com

Related Terms

LIFO reserve - More

earnings management - More

Related Terms on BusinessDictionary

inflation accounting
Clayton's case
inventory value

last in, first out (LIFO)
periodic inventory method

Popular 'Accounting' Terms

current ratio
equity
working capital
asset
EBITDA

revenue
net income
negotiable
net profit
net worth

FIFO in the news

Tools

FIFO is ...

... part of the Accounting subject.

Nearby Terms

fictitious trading
fidelity bond
Fidelity Investments
fiduciary
fiduciary liability insurance
FIFO
Fiji Dollar
file-and-use state
filing
filing status
fill

Search volume for FIFO

Review the unprecedented moves the Fed & Treasury took to bring the financial markets back from the precipice