HORTICULTURE SCIENCE
DISEASE AND PEST MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What does FIFO mean?
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Fast In, Fast Out
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First In, Fast Out
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First In, First Out
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None of the above
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Explanation:
Detailed explanation-1: -First in, first out (FIFO) is an inventory method that assumes the first goods purchased are the first goods sold. This means that older inventory will get shipped out before newer inventory and the prices or values of each piece of inventory represents the most accurate estimation.
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