The first-in, first-out method, which is often referred to as FIFO, is based on the assumption that costs should be charged against revenue in the order in which they were incurred. 先进先出法,通常称为FIFO,是基于这样一个假定,即成本应按发生的先后顺序抵减收益。
Under the first-in, first-out method, it is a umed that the first units acquired are the first ones sold; ending inventory is valued at the most recent purchase prices. 按购置价格计算的价值在先进先出法下,假设企业首先销售最早购入的商品,期末存货按最近的购货价格计价。
First-in first-out costing of inventory The method of process costing used. 存货先进先出计价法存货成本计算方法。