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What is the meaning of FIFO?

A- Last In First Out 

B- First In First Out 

C- Weighted Average

D- all answers are false 

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Question added by Ahmed kandil , Cost Controller , Battour Holding Cpompany
Date Posted: 2015/04/11
Sheila Marie Laurencio
by Sheila Marie Laurencio , Procurement Secretary , Reliance Electromechanical Plumbing and Contracting Co. LLC

B- First In first Out. Simply those who came in first will be the first to be out.

Muhammad Ramzan Tufail  ACCA
by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

(B) is the right Ans.

 

First in First Out

عبدالرحمن حامد الطيب
by عبدالرحمن حامد الطيب , Senior Accountant , Pharma Ixir Co.Ltd

B-first arrived goods spent first.

Mohammad Basheer Thoombath
by Mohammad Basheer Thoombath , Documentation ,Warehouse Executive ,Data Entry &Billing Clerk , Dubai - United Arab Emirates

The meaning of FIFo First In First Out 

BIBIN VARGHESE
by BIBIN VARGHESE , Senior Accountant , LONDON CONSULTING MEDICAL CENTER

Answer -B- First In First Out 

Khairy Mohamed Elbanna
by Khairy Mohamed Elbanna , Chief of Accounts , ASASCO.

B- First In First Out 

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Iftikhar Hussain Shah
by Iftikhar Hussain Shah , Senior Manager , Deloitte LLP

Option B is correct, first in first out.

Umerah Grace Olalo
by Umerah Grace Olalo , Administrative / Accounts Assistant , Everdigm Heavy Equipment and Machinery Trading LLC

The correct answer is letter B. First In First Out. 

Adel BENFIALA
by Adel BENFIALA , Central Administration Inspector , Ministry of Housing, Urban Planning and the City

B- First In First Out, Accounting techniques used in managing inventory.

Ali Hyder Khoyee
by Ali Hyder Khoyee , Global Care Business Partner , Maersk

First In first out ans  B ..................

Abd ElRahman Mohammed Idris Mohammed
by Abd ElRahman Mohammed Idris Mohammed , Internal Audit Manager , Kenana Sugar Company Limited

B- First In First Out >>>>>>>>>>>>>>>>

Goods that received first in store issued first

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