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.
But Not Forgotten. Jack Elam (William Scott Elam) Elam was born in Miami in Gila County in south central Arizona, to Millard Elam and Alice Amelia Kirby. His mother died in 1922 when Jack was two years old. By 1930, he was living with his father, older sister Mildred, and their stepmother, Flossie Varney Elam.