FIFO stands for first-in, first-out, meaning that the oldest inventory items are recorded as sold first but do not necessarily mean that the exact oldest physical object has been tracked and sold.In other words, the cost associated with the inventory that was purchased first is the cost expensed first.IFO and LIFO accounting. From Wikipedia, the free encyclopedia. FIFO and LIFO methods are accounting techniques used in managing inventory and financial matters involving the amount of money a company has tied up within inventory of produced goods, raw materials, parts, components, or feed stocks.
The painter had mixed fortunes in life, but his works are being celebrated this year in Crete and in Spain on the 400th anniversary of his death. El Greco was born Domenikos Theotokopoulos in Crete in 1541, and information about his early life is sketchy at best.
52 mins ago. Buddy Greco, a best-selling jazz and pop singer and pianist, has died at the age of 90, according to KNPR 88.9 Nevada Public Radio. KNPR cited Las Vegas Review-Journal columnist Norm Clarke, who tweeted that the singer had passed away today. Buddy Greco was born Armando Greco in Philadelphia in 1926. He started playing the piano at the age of 4 and he was performing on the radio and in clubs at an early age. Jazz legend Benny Goodman hired Greco to sing in his band when he was 16 years old.