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FIFO |
Also found in: Dictionary/thesaurus, Financial, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.04 sec. |
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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-referencesLIFO. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The Vacu-Jet line is designed using proven and efficient first in, first out technology. First in, first out (FIFO) rubber injection units are available with an injection volume of 26,000 cm3. Homogenous plasticizing is said to be guaranteed by the working principle of first in, first out injection. |
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