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 (The Greek) was a painter, sculptor, and architect of the Spanish Renaissance. He usually signed his paintings in Greek letters with his full name, Domenicos Theotokopoulos underscoring his Greek origin. El Greco was born in Crete, which was at that time part of the Republic of Venice, and the center of Post-Byzantine art.