FIFO cost

FIFO cost
Abbreviation for first-in-first-out cost

Accounting dictionary. 2014.

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  • FIFO cost — Abbreviation for first in first out cost …   Big dictionary of business and management

  • FIFO and LIFO accounting — methods are means of managing inventory and financial matters involving the money a company ties up within inventory of produced goods, raw materials, parts, components, or feed stocks.LIFO accountingIn LIFO accounting, a historical method of… …   Wikipedia

  • FIFO — ☆ FIFO [fī′fō΄ ] n. [f(irst) i(n,) f(irst) o(ut)] a method of valuing inventories in which items sold or used are priced at the cost of earliest acquisitions and those remaining are valued at the cost of most recent acquisitions: cf. LIFO …   English World dictionary

  • FIFO — (f[imac] f[=o]), a. [acronym, First In First Out.] 1. (accounting) an accounting method in which goods in inventory are valued at the price of the most recent acquisition of each type of goods, and those used up from inventory are valued at the… …   The Collaborative International Dictionary of English

  • Cost of goods sold — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …   Wikipedia

  • FIFO — See first in, first out. American Banker Glossary ( first in, first out) An accounting method for valuing the cost of goods sold that uses the cost of the oldest item in inventory first. Bloomberg Financial Dictionary * * * FIFO FIFO [ˈfaɪfəʊ ǁ… …   Financial and business terms

  • first-in-first-out cost — FIFO cost A method of valuing units of raw material or finished goods issued from stock based on using the earliest unit value for pricing the issues until all the stock received at that price has been used up. The next latest price is then used… …   Accounting dictionary

  • first-in-first-out cost — FIFO cost A method of valuing units of raw material or finished goods issued from stock based on using the earliest unit value for pricing the issues until all the stock received at that price has been used up. The next latest price is then used… …   Big dictionary of business and management

  • Fifo — First in, first out Pour les articles homonymes, voir FIFO. Algorithmes d ordonnancement EDF • Rate monotonic • Round robin …   Wikipédia en Français

  • Cost basis — Part of a series on Taxation Taxation in the United States …   Wikipedia

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