what does FIFO stand for?

Question

this is a trivia question

Answer 1

"First in first out" as pointed by others. Since you have asked this questions under the "Corporations" heading, let me try to answer it from an accounting perspective.

FIFO is one of the methods of valuing inventory held by a company. The other one is LIFO - "last in first out". FIFO method assumes that the first unit making its way into inventory is the first sold. Both FIFO and LIFO have their own advantages and disadvantages. Check the investopedia link for more info.

Answer 2

First in first out

Like if you sell something the records will assume that the cost price of what you selling is th eprice of the earliest bought stock on hand.

eg: buy 200 units 5/02 for 1dollar each

sell100 units 6/02 Cost price 100 dollars

Buy 50 units 17/02 for 2 dollars each

sell 120 units 20/02 cost price= 20(2)+100(1)
=140
buy 10 units for 3 dollars each

sell 40 units cost price =10(3)+30(2)=90

Answer 3

FIFO - First In First Out
may be

Answer 4

FIFO stands for First In First Out, as in a queue. the person who comes first is served first. it is used in computers for choosing the right data structure.

Answer 5

First In, First Out

Answer 6

Depends in what field:

****** FIFO First In, First Out
**** FIFO Fly in Fly Out (mining)
**** FIFO Fade in Fade Out
*** FIFO Free in Free Out (shipping)
* FIFO Field Inspection Field Office
* FIFO Flight Inspection Field Office(s) (FAA)

Answer 7

First
In
First
Out

Answer 8

first in first out ,,,,,