Home>Inventory>FIFO — First-In, First-OutFIFO — First-In, First-OutDefinition: First-In, First-OutAbbreviationFIFOFull NameFirst-In, First-OutCategoryInventoryRelated SubjectsRelatedCost of Goods SoldⓘContrastLIFOWeighted Average CostⓘSpecific IdentificationⓘUsed InCost AccountingⓘFinancial AccountingⓘSee AlsoLCNRVⓘInventory Turnoverⓘ