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fifo pro Related: Average Cost Inventory Method - Material Cost, Cost...
First-In, First-Out (FIFO) is one of the most commonly used methods used to calculate the value of inventory and cost of goods sold (COGS) during an accounting period. The FIFO Method assumes that inventory purchased or manufactured first is sold first and that the newest inventory remains unsold.
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fifo pro Related: Average Cost Inventory Method - Material Cost, Cost Accounting
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