Houston Chronicle

Example of FIFO Goods

The first-in, first-out inventory (FIFO) system works by assuming that items are pulled out of inventory in the same order that they get put in. Moving older stock first can increase your company's ...
Houston Chronicle

What Are the Implications of Using LIFO and FIFO Inventory Methods?

Last-in, first-out (LIFO) and first-in, first-out (FIFO) are two common inventory valuation methods used by companies in accounting. Inventory valuation is the process of assigning value to materials, ...

Next In, First Out: NIFO Valuation Explained, with Example

Discover NIFO, a unique inventory valuation method based on replacement cost instead of original cost, its working mechanism, ...

What is the FIFO method - deployed to compute capital gains tax on the sale of mutual funds?

FIFO indicates first in first out which means the mutual fund units bought first are sold first. Based on this phenomenon, ...