What Is the FIFO Organizing Method? FIFO stands for ‘first in, first out’ and is most often used to refer to non-perishable items, such as food and pantry staples.

The FIFO method is the first in, first out way of dealing with and assigning value to inventory. Learn how it works and if it's right for your business.

Fleetio introduces LIFO/FIFO inventory valuation methods to help fleet managers accurately track parts costs, enhancing organization and efficiency in fleet operations.

When sales are recorded using the FIFO method, the oldest inventory—that was acquired first—is used up first. FIFO leaves the newer, more expensive inventory in a rising-price environment, on ...