Meaning First-in
What does First-in mean? Here you find 6 meanings of the word First-in. You can also add a definition of First-in yourself
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First-inFirefighters initially attacking a fire, usually the first to arrive at the fire scene.
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First-in An inventory costing method that assumes that the first items purchased (first in) were the first items sold (first out). fiscal year
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First-inAn inventory valuation method, which allocates cost on the assumption that goods are consumed or sold in the order that they were acquired.
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First-inThe pricing of an inventory under the assumption that inventory items are sold in the order acquired; the first items received were the first items sold.
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First-inStock Valuation
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First-inUsing the first-in, first-out (FIFO) method to stock and sell merchan-dise; the oldest is sold first to ensure quality and freshness. Rotation is often guided by code-dating.
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