First-in, First-out Definition

fûrstĭn fûrstout

noun

A method of inventory accounting in which the costs of the first units to enter the inventory are assigned to the first units sold.

American Heritage

Synonyms:

Synonyms:
fifo

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first-in, first-out

Words Starting With F and Ending With T

Starts With F & Ends With T Starts With FI & Ends With T Starts With F & Ends With UT

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