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FIFO (FIRST-IN-FIRST- OUT)

Statistics Directorate    
French Equivalent: FIFO (First-in-first- out ) premier entré, premier sorti

Definition:
FIFO (first-in-first-out) is an inventory valuation method based on the assumption that goods are withdrawn from inventories in the same order as they entered.

Source Publication:
SNA 6.70.

Cross References:
LIFO (last-in-first- out)

Hyperlink:
http://esa.un.org/unsd/sna1993/introduction.asp

Statistical Theme: National accounts

Created on Tuesday, September 25, 2001

Last updated on Sunday, November 11, 2001