First in first out method, Computer Engineering

Assignment Help:

The First In First Out method assumes items of stocks are issued in the same order as they are received. Thus the goods received first are assumed to be the first to be issued .Any stock remaining at the end of the accounting period is valued at the actual cost of the equivalent quantities received.FIFO reflects the traditional view of the flow of stock and is a widely used method.

The first in first out (FIFO) method of costing is used to introduce the subject of materials costing. The FIFO method of costing issued materials follows the principle that materials used should carry the actual experienced cost of the specific units used. The method assumes that materials are issued from the oldest supply in stock and that the cost of those units when placed in stock is the cost of those same units when issued. However, FIFO costing may be used even though physical withdrawal is in a different order.


Related Discussions:- First in first out method

Programming with parallel virtual machine, Q. Programming with parallel vir...

Q. Programming with parallel virtual machine? The general method for writing a program with PVM is like this:  A user writes one or more sequential programs in C++, C or FOR

Password, A phonetic password generator picks two segments randomly for eac...

A phonetic password generator picks two segments randomly for each six letter password. form is CVC. what is the total password population? 1> what is the total password population

Error detection mechanism must be in-built, Error detection mechanism may i...

Error detection mechanism may include checking mechanical and data communication errors. These errors must be reported to processor. The illustrations of kind of mechanical errors

How to detect a sequence of 1101, Use 4 D-bascules connected in serial all ...

Use 4 D-bascules connected in serial all synchronized with the similar CLK. Then connect all 4 outputs, & 2nd output must reverse, of the D-bascule to an AND logic. The output of t

Example of circuit switching & stored and forward switching, Example of cir...

Example of circuit switching and S&F (Stored and Forward) switching is (A) Telephone and Post of Telegraph (B) Video Signal Post or Telegraph (C)  Digital Signal P

What is a service in sap terminology, What is a Service in SAP terminology?...

What is a Service in SAP terminology? A service refers to something offered by an s/w component.

Concepts of an address and data, The heart of a computer is often one integ...

The heart of a computer is often one integrated circuit; one typical circuit is a 68Hc11 Microprocessor. Let us consider a typical 68Hc11 hardware design.           The mic

What is the sequence in which resources may be utilized, What is the sequen...

What is the sequence in which resources may be utilized?  Under normal mode of operation, a process might be utilize a resource in the following sequence:  • Request: If the

Difference between panel and group box classes, Difference between Panel an...

Difference between Panel and Group Box classes? Panel & Group box both can used as container for other controls like radio buttons & check box. The dissimilarity in panel & gro

IT-Infrasrtucture, Blue Sky events is an organisation that devices and runs...

Blue Sky events is an organisation that devices and runs large outdoor events. They have been commissioned to organise and run an event for four months over the summer period in a

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd