asked 225k views
5 votes
In the terms "fifo" and "lifo", what does the "o" stand for...and what does it mean?

2 Answers

5 votes
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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answered
User PapelPincel
by
9.2k points
5 votes
O= Out meaning sold first
answered
User Misbah
by
8.1k points
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