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FIFO definition

FIFO means First In First Out.
FIFO is an abbreviation of "First in – First Out" and refers to the fact that in case one or more Contracts with the same characteristics shall be closed, the Company will as a point of departure close the older Contract first;
FIFO. As defined in Section 10.14(e).

Examples of FIFO in a sentence

  • All inventories are valued at cost using the first-in/first-out (FIFO) method.

  • The cost of inventories is assigned using the first-in, first-out (FIFO) formula.

  • All inventories are valued at cost using the first in/first out (FIFO) method.

  • If the owner(s) does not provide this information, the Company will use its chosen default method, First-In, First-Out (FIFO).

  • Inventories are valued at cost, which approximates market, using the first-in/first-out (FIFO) method.


More Definitions of FIFO

FIFO means the first-in, first-out method of accounting.
FIFO means first-in-first-out; “free of payment under MEPS+” in relation to a Transaction, means no instruction for IFT has been or is to be transmitted under MEPS+ in connection with the Transaction;
FIFO. (“first in first out”) means a stock taking procedure where the stock received first is used first, and the closing stock is evaluated on the basis of the latest purchase prices. When securities are sold, applying this method means that the securities credited first in time to the account will be regarded as sold first
FIFO means a first-in, first-out method of inventory cost accounting in accordance with GAAP.
FIFO means first in first out.
FIFO is an abbreviation of "First in – First Out" and refers to the fact that in case one or more Contracts with the same characteristics shall be closed, Aglobe Investments Ltd will as a point of departure close the older Contract first;
FIFO means the pipeline is filled at one location and discharged at another is called First In, First Out (FIFO).