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.
Where Does Leah Messer Live? Teen Mom 2's Leah Messer Calvert currently lives in Elkview, West Virginia, which is located just a few miles east of the state's capital, Charleston. But don't be deceived by Leah's country-bumpkin address â this MTV starlet has graduated past trailer-park living.