Definition of First in first out

1. Noun. Inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold.

Exact synonyms: Fifo
Generic synonyms: Inventory Accounting



Definition of First in first out

1. Noun. (accounting) A method of inventory accounting that values items withdrawn from inventory at the cost of the oldest item assumed to remain in inventory. ¹

2. Noun. (context: operations) A policy of serving first what has arrived for service first. ¹

¹ Source: wiktionary.com

First In First Out Pictures

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Lexicographical Neighbors of First In First Out

first folio
first footing
first freedom fights
first fruits
first fundamental form
first gear
first gears
first grade
first grades
first half
first hand
first harmonic
first heart sound
first imperative
first imperatives
first in first out (current term)
first innings
first inversion
first inversions
first island chain
first lady
first language
first languages
first law of motion
first law of thermodynamics
first lieutenant
first light
first line manager
first loser
first love

Literary usage of First in first out

Below you will find example usage of this term as found in modern and/or classical literature:

1. Rates of Pay and Regulations Governing Employes in Train and Yard Service on by Edgar Erastus Clark, Patrick Henry Morrisey, Order of Railway Conductors and Brakemen, Brotherhood of Railroad Trainmen (1900)
"For ews running first in first out, the first crew out will deadhead and stand out lead of crews handling trains. 5.—DEADHEADING. Men deadheading by order ..."

2. The Johns Hopkins University Studies in Historical and Political Science by Johns Hopkins University (1912)
"... each man having his chance in order before the first man is sent out again, according to the rule of " first in, first out." When the pool is exhausted ..."

3. The Standard Rate in American Trade Unions by David Aloysius McCabe (1912)
"... each man having his chance in order before the first man is sent out again, according to the rule of "first in, first out." When the pool is exhausted ..."

4. The Science of Railways by Marshall Monroe Kirkman (1904)
"Under the system of assigning crews to engines according to the plan “first in, first out,” every engine is available. When a particular crew is assigned to ..."

5. Railroad Freight Transportation by Leonor Fresnel Loree (1922)
"There is no doubt that rotation, first-in-first-out, will produce the most ... By the adoption of the first- in-first-out method of engine dispatching, ..."

6. Rates of Pay and Regulations Governing Employees in Train and Yard Service by Brotherhood of Railroad Trainmen (1892)
"21 and 22, shall run first in first out, and shall receive $110 per month ; four crews! During the time from March 15th to June 1st of each year an extra ..."

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