FIFO

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FIFO

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.

Mentioned in ?

LIFO

References in periodicals archive ?

LiLo, famous for her drug binges and wild partying lifestyle, has been facing strong criticisms for her documentary.

BBC backs ' poverty tourist' Lindsay

Lilo gamely gives it a try, scraping the length of wood across her grater.

Travels with the war goddess: embedded journalism in a Samoan drug-discovery expedition

Thus, no permanent disallowance of items on a net basis from the LILO is implied.

Rev. Rul. disallows LILO transaction deductions

While calling a cartoon alien in a wig "drag" might be reaching, it's not a stretch to note that the central theme of Lilo & Stitch is the formation of a nontraditional family.

Disney dude: Dean DeBlois, the out codirector of Lilo & Stitch, talks about making a cartoon supporting alternative families, including extraterrestrials who do drag. (film)

She said: 'The tour operators were wonderful, they have got lilos and they have been feeding everybody.

...coming back

Washington, August 16 ( ANI ): LiLo has reportedly launched a new site 'LindsayLohan.

LiLo launches website to thank fans for support

LiLo, who had just accepted a 90-day rehab deal in order not to spend an hour in jail, was allegedly invited to the Twilight lovers' home in Los Feliz, L.

New BFFs?: What Lindsay Lohan Talked About with Robert Pattinson and Kristen Stewart

Kapur mocks LiLo on his blog with the headline, " Lindsay Lohan's poverty tourism -- a therapy?

Kapur slams Lohan's smug video on India

I got Lilo from a cat orphanage about five years ago.

Me and My Pet

BACK with old friends, new experiments and more Hawaiian spirit, Lilo and Stitch return in an all-new adventure, Leroy & Stitch.

Stitched up! Time Off Win a fabulous Leroy and Stitch DVD Duo fight it out to save the galaxy

Voices: Stitch Chris Sanders Lilo Dakota Fanning Nani Tia Carrere Jumba David Ogden Stiers Pleakley Kevin McDonald Kumu Kunewa Mook David Jason Scott Lee

Lilo and Stitch 2

Or maybe Dakota Fanning currently the voice of Lilo in ``Lilo and Stitch 2,'' who inside sources say may be the voice of Little Marie, the white kitten in the upcoming ``Aristocats II'' (2007).