FIFO

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An abbreviation for first-in, first-out, a method employed in accounting for the identification and valuation of the inventory of a business.

FIFO assumes that the first goods purchased are the first sold. As a consequence, the items that remain in the inventory at the end of the year are assumed to be those purchased last.

Cross-references

LIFO.

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? References in periodicals archive
For lifting the compound to the fight temperature level, the company's FIFO (first in, first out) rubber injection unit is used, together with a tempering channel. Injection molding by Rubber World Simply speaking, FIFO matches older expenses against current revenues, while LIFO matches more recent expenses against that same revenue. Simplified LIFO can ease compliance, boost tax savings by Goldberg, Michael J. / The Tax Adviser Oki succeeded in integrating its original FIFO (First-In First-Out) memory and image processing circuit into a single chip and significantly reducing CCD camera noise in dim light, something which could not be done before. Oki Electric Unveils 3D Noise Reduction LSI With Built-in FIFO Memory ... by Business Wire More results

References in periodicals archive

For lifting the compound to the fight temperature level, the company's FIFO (first in, first out) rubber injection unit is used, together with a tempering channel.

Injection molding by Rubber World

Simply speaking, FIFO matches older expenses against current revenues, while LIFO matches more recent expenses against that same revenue.

Simplified LIFO can ease compliance, boost tax savings by Goldberg, Michael J. / The Tax Adviser

Oki succeeded in integrating its original FIFO (First-In First-Out) memory and image processing circuit into a single chip and significantly reducing CCD camera noise in dim light, something which could not be done before.

Oki Electric Unveils 3D Noise Reduction LSI With Built-in FIFO Memory ... by Business Wire

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