NOUN | act | FIFO, first in first out | 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 | first in first out | |
Broader | inventory accounting | accounting that controls and evaluates inventory |
Spanish | first in first out | |
Catalan | FIFO, first in first out |
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