FIFO stands for first-in, first-out, meaning that the oldest inventory items are recorded as sold first but do not necessarily mean that the exact oldest physical object has been tracked and sold.In other words, the cost associated with the inventory that was purchased first is the cost expensed first.IFO and LIFO accounting. From Wikipedia, the free encyclopedia. FIFO and LIFO methods are accounting techniques used in managing inventory and financial matters involving the amount of money a company has tied up within inventory of produced goods, raw materials, parts, components, or feed stocks.
The painter had mixed fortunes in life, but his works are being celebrated this year in Crete and in Spain on the 400th anniversary of his death. El Greco was born Domenikos Theotokopoulos in Crete in 1541, and information about his early life is sketchy at best.
The Greco-Persian Wars had their roots in the conquest of the Greek cities of Asia Minor, and particularly Ionia, by the Achaemenid Persian Empire of Cyrus the Great shortly after 550 BC. The Persians found the Ionians difficult to rule, eventually settling for sponsoring a tyrant in each Ionian city.