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FIFO in Business & Finance Meaning

The FIFO meaning in Business & Finance terms is "First In, First Out". There are 4 related meanings of the FIFO Business & Finance abbreviation.

FIFO on Business & Finance Full Forms

  1. First In, First Out A method of determining the cost of inventory used in a product. In this method, the costs of materials are transferred to the product in chronological order. Also used to describe the movement of materials.
  2. First-In-First-Out Inventory Method
  3. First Input First Output
  4. Free In and Free Out

Frequently Asked Questions (FAQ)

  1. What does FIFO stand for Business & Finance?

    FIFO stands for First-In-First-Out Inventory Method in Business & Finance terms.

  2. What is the shortened form of First Input First Output in Business & Finance?

    The short form of "First Input First Output" is FIFO for Business & Finance.

Citation

FIFO in Business & Finance. Acronym24.com. (2021, December 14). Retrieved December 23, 2024 from https://acronym24.com/fifo-meaning-in-business-finance/

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