first impression first in, first out first lien See all Nearby Words Cite this Entry Style “First in, first out.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/first%20in%2C%20first%20out. Accessed 26 Apr. 2025. Copy Citation Share...
The First-in First-out (FIFO) method ofinventoryvaluation is based on the assumption that the sale or usage of goods follows the same order in which they are bought. In other words, under the first-in, first-out method, the earliest purchased or produced goods are sold/removed and expense...
Definition:FIFO, or First-In, First-Out, is an inventory costing method that companies use to track the cost of inventory that is sold by assuming that the first product purchased is the first product sold. Hence the first product in the door is the first product out of the door. ...
Learn about first in, first out in accounting with a simple example. You can also learn other important accounting terms from Zoho Books' accounting dictionary/
The meaning of FIRST is preceding all others in time, order, or importance. How to use first in a sentence.
→comparelast in, first out2a method ofcontrollingstock in which the firstitemsto beproducedor bought are the first ones to be used or sold3asystemin which acomputerbegins toprocessitsinstructionsin theexactorder in which they arereceived4aprinciplesometimesused when a company has to make people...
The first in, first out, aka FIFO (pronounced FIE-foe), accounting method assumes that sellable assets, such as inventory, raw materials, or components acquired first were sold first.
When the system reaches Wh, we have to restart one or more nodes. Unlike with suspension, we remove the node from the queue using “first in, first out” (FIFO) in increasing order of their load. View chapter Chapter Rapid selection and dissemination of urgent messages over delay-tolerant ...
The meaning of LAST-IN FIRST-OUT is of, relating to, or being a method of inventory accounting that values stock on hand according to costs at the time of acquisition and not according to the cost of replacement.
Define First-in first-out. First-in first-out synonyms, First-in first-out pronunciation, First-in first-out translation, English dictionary definition of First-in first-out. n. See first-in, first-out. American Heritage® Dictionary of the English Lan