Definition of first in first out:
°A method of inventory accounting that values items withdrawn from inventory at the cost of the oldest item assumed to remain in inventory.
°(operations) A policy of serving first what has arrived for service first.
Definition of first in first out:
°A method of inventory accounting that values items withdrawn from inventory at the cost of the oldest item assumed to remain in inventory.
°(operations) A policy of serving first what has arrived for service first.