First-in, first-out Definition

Meaning Of The Word First-in, first-out

What's the definition of First-in, first-out? Find First-in, first-out meanings, definitions and more at the Real Dictionary online.

First-in, first-out Definition
What's The Definition Of First-in, first-out? first-in, first-out in American English noun: an inventory plan that assumes that items purchased first will be sold first and that by valuing inventory items at the price of the most recent purchases, inventory values will be comparable to any rise in prices

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