annag88 annag88

19-09-2018
Mathematics

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FIFO does not assume which of the following? sell old inventory first.or sell the new inventory first

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jdoe0001 jdoe0001

19-09-2018

First In First Out.

FIFO intends to sell the first one that comes through the door first, and that item will be the oldest one in the inventory, so the old one gets sold first.

so it doesn't assume to sell the new one first.

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