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.
1 The Prado (Madrid) : Spain's national museum, and one of the best in Europe. 2  Remarkable collection of European painting including iconic works by the Flemish artists Breughel the elder and Hieronymus Bosch as well as works by all major Spanish old masters. More of El Greco's paintings are in the El Greco museum and the church of Santo Tome, tomÃ© which houses the Celebrated burial of The count Of (orgaz photo top of-page). 2  Extract Picasso (Museum, Barcelona) .  catalunya