Question

which of the following is example of a fifo​

Answer 1

Answer:

Example of FIFO

For example, if 100 items were purchased for $10 and 100 more items were purchased next for $15, FIFO would assign the cost of the first item resold of $10. After 100 items were sold, the new cost of the item would become $15, regardless of any additional inventory purchases made.

Answer 2

Answer:

LIFO means Last In First Out. From the choices given, the people in a queue will move out in the order they joined the queue. So it is an example of FIFO, First In First Out. So the person who joined the queue first, will leave the queue first.