"FIFO" is one of Inventory Costing method, What stands for FIFO? 1. Fast In Fast Out 2. Fly In Fly Out or 3. First In First Out

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Generally, which inventory costing method approximates most closely the current ...
Posted by:
Moataz Ali Sobhi
11-October-2014

Cost Accounting

Question added by Deleted user
Date Posted: 2013/06/08

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7 Answers

by Ahmed Tharwat , Senior Accountant , ASKAF GENERAL TRADING

First In First Out

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Abdul Rahim Said Rahim

by Abdul Rahim Said Rahim , Senior Executive - Business Development , Al Ruwais Plastic Products Trading LLC

First in First out

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by Adbul Shakoor

First In First Out

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by mohamed mousaa , Lead analyst at UASC , United Arab Shipping company

first in first out, its also the most accepted method to account for inventory internationally and supported by GAAP and IFRS

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by Bilal Yaqoob , AP Section Head , Leejam Sports Company

First in First Out

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by Deleted user

First In First Out

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Mohammed Mohammed

by Mohammed Mohammed , Senior SAP Consultant , Abyat Mega Store

Option3 is correct answer

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