| NOUN | act | first in first out, FIFO | inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold |
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| Meaning | inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold. | |
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| Synonym | FIFO | |
| Broader | inventory accounting | accounting that controls and evaluates inventory |
| Spanish | first in first out | |
| Catalan | FIFO, first in first out | |
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