Definition of First In First Out in English :
Define First In First Out in English
First In First Out meaning in English
Meaning of First In First Out in English
Pronunciation of First In First Out in English
First In First Out pronunciation in English
Pronounce First In First Out in English
First In First Out
see synonyms of first in first outNoun
1. fifo, first in first out
inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold
WordNet Lexical Database for English. Princeton University. 2010.
First In First Out
see synonyms of first in first outn.
A method of inventory accounting in which the costs of the first units to enter the inventory are assigned to the first units sold. Also called FIFO.
The American Heritage ® Dictionary of the English Language, Fifth Edition copyright ©2018 by Houghton Mifflin Harcourt Publishing Company. All rights reserved.