Accountancy, asked by julietindab4, 5 hours ago

First – in, first – out (FIFO) method

Answers

Answered by santoshkumarsingh701
1

Answer:

FIFO stands for “First-In, First-Out”. It is a method used for cost flow assumption purposes in the cost of goods sold calculation. The FIFO method assumes that the oldest products in a company's inventory have been sold first. The costs paid for those oldest products are the ones used in the calculation.

Explanation:

hope this will help you

and

if u can....pls answer my math's question

Similar questions