FIFO

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FIFO

First In, First Out

In accounting, a technique for valuing inventory by treating inventory acquired first as if it were sold first. The sale of inventory is recorded against the purchase price of the oldest inventory, even if the physical goods are not the same. In times of high inflation, the first-in, first out technique increases a business' inflation risk. For this reason, most American firms have used the last-in, first-out technique in their accounting since the 1970s.

FIFO

FIFO

see STOCK VALUATION.

First In, First Out (FIFO)

An accounting method for determining the cost of inventories. Under this method, the first items purchased are treated as being the first items sold. Ending inventory is valued using the cost of later purchases, or the lower of cost or market.
References in periodicals archive ?
Lilo squeezes for several minutes, and then Cox packages a sample of this extract too.
Like Lilo's chosen family, the Disney family is quite eclectic, allowing such diverse duos as Sanders and DeBlois to coparent their own animation feature some 2,500 miles from Hollywood, at Disney's Orlando, Fla., animation studio.
Eigenmann also shared a comparison on her Instagram Stories of Ellie and Lilo on the first day after their birth, both of them with rosy, healthy cheeks.
Quoting a report by the New York Post, RadarOnline is saying that Kristen and LiLo have become BFFs and they have been hanging out recently.
Birmingham's NIA will be filled with music and magic in every scene including an undersea kingdom with Ariel and Sebastian, a jungle adventure in the African Pride Lands with Simba and Nala, a Hawaiian luau with Lilo and Stitch and a trip to jolly old London with Peter Pan and Tinker Bell.
The arena will be filled with music and magic in every scene including an enchanting undersea kingdom with Ariel and Sebastian, a jungle adventure in the African Pride Lands with Simba and Nala, a Hawaiian luau with Lilo and Stitch and a trip to jolly old London with Peter Pan and Tinker Bell.
LiLo has been constantly under attack for the BBC documentary on the trafficking of women and kids in India, with the project being variously labelled as a " comic relief skit" and " ridiculous" by the western media and bloggers alike soon after its trailer was released a fortnight ago.
Mickey and Minnie's Magical Journey will transport young and old alike to the enchanting worlds of Lilo & Stitch, The Little Mermaid, 101 Dalmatians and Peter Pan.
Voices: Stitch Chris Sanders Lilo Dakota Fanning Nani Tia Carrere Jumba David Ogden Stiers Pleakley Kevin McDonald Kumu Kunewa Mook David Jason Scott Lee Typical of routine made-for-vid sequels to hit Mouse Factory toons, Disney's "Lilo & Stitch 2" is an unremarkable but inoffensive trifle that likely will play best with undemanding tykes who want to spend more time with engaging animated characters.
Disney Interactive, Burbank, Calif., offers a variety of gameplay--from high-powered action to engaging puzzle solving--in That's So Raven, Lizzie McGuire 2: Lizzie Diaries, and Lilo & Stitch 2: Hamsterviel Havoc.
As part of its efforts to prevent abusive business transactions, the IRS provides guidance on and reaffirms a determination it made in 1999: A taxpayer may not deduct rent or interest paid or incurred in connection with a lease-in/lease-out (Lilo) transaction.
But when he escapes to Earth, he's adopted by Lilo - who thinks he's a strange puppy.