The FIFO method is the first in, first out way of dealing with and assigning value to inventory. Learn how it works and if it's right for your business.

FIFO means "First In, First Out" and is a valuation method in which the assets produced or acquired first are sold, used, or disposed of first.

The average cost basis method is a system of calculating the value of mutual fund positions in a taxable account to determine profit or loss for tax reporting.

How to Calculate FIFO & LIFO. FIFO and LIFO are inventory terms, which stand for "first in, first out," and "last in, first out." A line for a register is an example of FIFO: the first person in ...

FIFO stands for ‘First In, First Out’. It is an accounting method used to track the cost of goods sold (COGS) ...

The "Last In, First Out" inventory method has been hotly debated at the federal level. Congress has threatened to outlaw the method as the Internal Revenue Service introduces laws and requirements ...