FIFO Example. You use the first in first out method where you assume the first item you buy is the first item you sell - i.e. items are in a queue You buy the first item for 100 and the second item for 200 - you then sell 1 item for 400. At balance date you would have: Sales of 400 Cost of Sales of 100 Profit of 300 Inventory of 200.
At nanometer size. Any device only a few nanometers in size is nanoscale. Nanotechnology is said to comprise elements less than 100 nanometers in size (100 nm). See nanotechnology and nanometer.
One billionth, thatâs how tiny weâre talking. Nano derives from the Greek nanos, which means âdwarf,â and words like nanoliter and nanogram in fact mean âa billionth of a literâ and âa billionth of a gram.â But other nano-terms are satisfied simply to mean âdarn small.â Nanoplankton is an example.If it seems to you like nano-is overused, you arenât alone.tudents at Adelaide University poked fun at the saturation of ânano-thisâ and ânano-thatâ by coining the term â nanofortnight ,â meaning âone-billionth of a fortnight (two weeks), equaling approximately 1.2 miliseconds. Hereâs a suggestion: Femto- , pico- , and zepto-signify even smaller increments than nano-.