M3ashanpaput M3ashanpaput

23-01-2017
English

contestada

In the terms "fifo" and "lifo", what does the "o" stand for...and what does it mean?

Respuesta :

neosha211030 neosha211030

06-02-2017

O= Out meaning sold first

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JonHenderson55 JonHenderson55

06-02-2017

The "o" stands for "out" — as in: "FIFO" = First In, First Out ;
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"LIFO" = Last In, Last Out".
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