CostFlowAssumptions

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August 31, 2024 3 min read Definitions

FIFO (First In, First Out): Inventory Valuation Method

Finance Accounting FIFO Inventory AccountingMethods CostFlowAssumptions Finance

FIFO (First In, First Out) is an inventory valuation method where older inventory costs are expensed first. It simplifies tracking and provides a realistic view on inventory usage.

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