FUTURE TRENDS IN FOOD TECHNOLOGY
PERSONALIZED NUTRITION AND HEALTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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First in, first out
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Last in, first out
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Either A or B
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None of the above
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Detailed explanation-1: -FIFO is “first in first out” and simply means you need to label your food with the dates you store them, and put the older foods in front or on top so that you use them first. This system allows you to find your food quicker and use them more efficiently.
Detailed explanation-2: -To calculate FIFO (First-In, First Out) determine the cost of your oldest inventory and multiply that cost by the amount of inventory sold, whereas to calculate LIFO (Last-in, First-Out) determine the cost of your most recent inventory and multiply it by the amount of inventory sold.
Detailed explanation-3: -Increased Warehouse Space. Goods can be packed more compactly to free up extra floor space in the warehouse. Warehouse Operations are More Streamlined. Keeps Stock Handling to a Minimum. Enhanced Quality Control. Warranty Control. 23-Feb-2022