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"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

Cost Accounting
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Question added by Deleted user
Date Posted: 2013/06/08
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Ahmed Tharwat
by Ahmed Tharwat , general accountant , Ocean Kitchen Furniture Fix IND.LLC

First In First Out

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

First in First out

mohamed mousaa
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

Bilal Yaqoob
by Bilal Yaqoob , GL Supervisor , Leejam Sports Company

First in First Out

Deleted user
by Deleted user

First In First Out

Mohammed Mohammed
by Mohammed Mohammed , Senior SAP Consultant , Abyat Mega Store

Option3  is correct answer 

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