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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.



West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
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The director added that LiLo didn't behave like a star during her trip to India last December.
Much like "Lilo & Stitch 2," the new vidpic faithfully replicates the 2002 feature's visual scheme--there's a lovely watercolor look to backgrounds--during Hawaii-based scenes.
Lilo gamely gives it a try, scraping the length of wood across her grater.
The ruling indicates that the IRS is redirecting its challenge of LILOs beyond a mere finding of lack of economic substance, to focus on a more technical approach.
Many passengers were given lilos to sleep on as they waited up to 24 hours at Palma airport for a flight to Britain.
The actress said in an Instagram post that baby Keliana Alohi Eigenmann Alipayo or Lilo was born on July 23.
| Facebook: https://www.| If your family likes big portions, then they won't be disappointed with Lilo's.
" But Lilo, 28, has been having aService in OWIE pal Vas J Morgan, " But Lilo, 28, has been having a wild time clubbing at RoomIbiza with TOWIE pal Vas J Morgan, 26, and other friends.
Washington, August 16 ( ANI ): LiLo has reportedly launched a new site '' and shared the news on Twitter thanking fans for their support and promising a fresh start.