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

Does LIFO or FIFO Defer Tax Payments in Times of Rising Prices?

Although rising prices increase the cost of your inventory purchases, rising prices affect LIFO (Last-in, First-out) and FIFO (First-in, First-out) inventory values differently. Each inventory ...
AOL

Why a Pro Organizer Swears by the FIFO Method—and You Will, Too

FIFO stands for "first in, first out," and is used both commercially and domestically to manage inventory efficiently by ensuring items are used in the order they enter. The FIFO method helps save ...