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When would you use Fifo method in the pharmacy industry?

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Question added by Malesela Rose
Date Posted: 2016/03/17
danish shafiq
by danish shafiq , Accountant , Anayat Fan

Pharmaceutical is one of the most sensitive industry that deals with life so we can use FIFO as FEFO (First Expire First Out) and at pharmaceutical we preferred first expire to be out  which more accurate than first in first out. Because you may found next order you purchased from market found more fresh than the first one.

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