To what does FIFO refer?
A) four-in, four-out
B) first-in, first-out
C) front-in, front-out
D) financially fit, financial options

Name: To what does FIFO refer? A) four-in, four-out B) first-in, first-out C) front-in, front-out D) financially fit, financial options
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Question

Quizplus · Accepted Answer

FIFO stands for "first-in, first-out," which is a method of inventory valuation that assumes that the first items purchased are the first items sold.

To What Does FIFO Refer