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First-In, First-Out Inventory (FIFO Inventory) – Accounting In Focus

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First-In, First-Out Inventory (FIFO Inventory) – Accounting In Focus

The First-In, First-Out method (the FIFO method), is determining the cost of a sale, the company uses the cost of the oldest (first-in) units in inventory.

FIFO Method Explained

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Study.comSherri Hartzell

13K viewsDec 4, 2024

What is the FIFO Method and How Can it Be Used?

What is the FIFO Method and How Can it Be Used?

The FIFO Method: First In, First Out

The FIFO Method: First In, First Out

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