Meaning Of The Word First-in, first-out

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First-in, first-out Meaning

First-in, first-out Definition
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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