FIRST-IN, FIRST-OUT (FIFO) - A cost flow assumption; the first goods purchased or produced are assumed to be the first goods sold.
This method works on a first-in last-out basis.
mnli hypothesis: This method works on a first-in last-out basis. premise: FIRST-IN, FIRST-OUT (FIFO) - A cost flow assumption; the first goods purchased or produced are assumed to be the first goods sold.