What is FIFO & How Does It Work in Inventory Management? - Lightspeed

What is FIFO & How Does It Work in Inventory Management? - Lightspeed

First in first out (FIFO) is one of the most practical inventory methods for businesses managing stock across multiple locations.  As the name implies, FIFO focuses on selling or using the oldest inventory first—keeping operations smooth and ensuring products flow naturally.  This method is fundamental to inventory valuation and calculating cost of goods sold (COGS). […]