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.
El Greco's adopted Spanish hometown, Toledo, has held several exhibitions of his work this year. His works have been transported from museums all over the world, coming together in Toledo en masse for the first time since the artist's death.
El Greco was a delightful restaurant that I will certainly return to when I am in the mood for gyros. Today was my first time ordering from here. I placed a to-go order over the phone and the employee made me aware of the special that included a gyro sandwich, choice of side, dessert and a drink for less than 10 bucks. The gyro tasted good. The meat was cooked with the right tenderness and was seasoned well.