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First In, First Out

Also found in: Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson

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First In, First Out (FIFO)

An accounting method for valuing the cost of goods sold that uses the cost of the oldest item in inventory first.

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References in periodicals archive

The Vacu-Jet line is designed using proven and efficient first in, first out technology.

Vacuum injection molding systems for the rubber industry are featured by Rubber World

First in, first out (FIFO) rubber injection units are available with an injection volume of 26,000 cm3.

Rubber injection unit. (Equipment) by Rubber World

Homogenous plasticizing is said to be guaranteed by the working principle of first in, first out injection.

LIM injection molding. (Equipment) by Rubber World

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