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

Discuss the mount and unmount system calls, Discuss the mount and unmount s...

Discuss the mount and unmount system calls. The privileged mount system call is used to join a file system to a directory of another file system; the unmount system call detach

Ds, explain about relations

explain about relations

Example of a router connects to at most networks, A router connects to at m...

A router connects to at most K networks. How many routers R are required to connect to N networks? Derive an equation that gives R in terms of N and K. If N K and K >=2 this

By which except ions of type error in java are handled, Except ions of type...

Except ions of type error in JAVA are handled by? Except ions of type error in the JAVA are handled through JAVA run time environment.

What is grid computing, (a) What is Grid computing? (b) What are the k...

(a) What is Grid computing? (b) What are the key distinctions between conventional distributed computing and Grid computing? (b) Describe how five features of Grid Computi

Physical characteristics and access mode of disk drive, Q. Physical charact...

Q. Physical characteristics and access mode of disk drive? Access Time: Access time is time needed between requests made for a read or write operation until the time data are

What do you mean by single construct in fortan, Q. What do you mean by Sing...

Q. What do you mean by Single Construct in FORTAN? Single construct specifies the associated structured block is executed by just one thread in team (not essentially the master

Mac address helps in which access control, MAC address helps in (A)  m...

MAC address helps in (A)  multimedia access control. (B)  media access control. (C)  mobile access control. (D) master access point control Ans: MAC addr

Explain the operation of 8:1 multiplexer, Explain the operation of 8:1 mult...

Explain the operation of 8:1 multiplexer. Ans: In this multiplexer 8 Input and 1 Output and three select lines i.e. S 2 , S 1 , S 0 are given. Any one of the inputs will be

State about the computer memories, Computer Memories Computer memories...

Computer Memories Computer memories are either external or internal. Internal memories are either RAM (random access memory) or ROM (read only memory). External memories can t

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