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.
Buddy Greco. Armando Joseph Buddy Greco (August 14, 1926 â January 10, 2017) was an American jazz and pop singer and pianist, who had a long career in the US and UK and was good friends with the Rat Pack.