What does FIFO mean?
An inventory valuation method assuming the first units purchased are the first ones sold.
The FIFO method assumes that the first units purchased are the first ones sold.
FIFO in German, French, Spanish and Italian
GermanFirst-In, First-Out
also FIFO-Verfahren
Standardverfahren zur Vorratsbewertung (z.B. bei verderblichen Waren).
FrenchPremier entré, premier sorti
also First-In, First-Out, PEPS
Méthode de gestion des stocks où les premiers entrés sont les premiers sortis.
SpanishPrimero en entrar, primero en salir
also First-In, First-Out, PEPS
Método de valoración de existencias que asume la salida de las unidades más antiguas.
ItalianMetodo FIFO
also First-In, First-Out
Metodo di valutazione delle rimanenze che segue l'ordine cronologico di acquisto.
Common phrases with FIFO
- inventory valuation FIFO
- method FIFO
- produce FIFO