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M3ashanpaput M3ashanpaput
  • 23-01-2017
  • English
Answered

In the terms "fifo" and "lifo", what does the "o" stand for...and what does it mean?

Verified Answer :

neosha211030
neosha211030 neosha211030
  • 05-02-2017

O= Out meaning sold first

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JonHenderson55
JonHenderson55 JonHenderson55
  • 05-02-2017

The "o" stands for "out" — as in: "FIFO" = First In, First Out ;
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                                               "LIFO" = Last In, Last Out".
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