FIFO method definition

FIFO method means the method by which the origin of fungible goods first received in finished goods inventory is considered to be the origin of fungible goods first withdrawn from finished goods inventory. (méthode PEPS)

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FIFO method. ’ means the method by which the origin of fungible materials first received in materials inventory is considered to be the origin of fungible materials first withdrawn from materials inventory;

FIFO method means the method by which the value of non-originating materials, determined in accordance with subsection 4(2) of these Regulations, first received in materials inventory, is considered to be the value of non-originating materials used in the production of the good first shipped to the buyer of the good. (méthode PEPS)

Examples of FIFO method in a sentence

• Unless otherwise instructed in writing by the Advisor or the Board of Directors of the Fund, the Sub-Advisor will use the first in, first out (FIFO) method as the default tax lot selection method with regard to the Investment Assets.

• Unless otherwise indicated to Pershing Advisor Solutions, you authorize Pershing Advisor Solutions or Pershing to calculate investment gains and losses in your account using the FIFO method for all securities.

• The FIFO method thus requires that what is due first must be paid by the borrower first.

• For purposes of calculating the warehousing fee, Inventory is assumed to be accounted for by the FIFO method.

• Under the FIFO method, sales of shares during the Class Period will be matched, in chronological order, first against shares held at the beginning of the Class Period.

• However, if a corporation changes its method of ac- counting for inventory (for example, from the FIFO method to the LIFO method or from the LIFO method to the FIFO method) with a principal pur- pose of avoiding the tax imposed under section 1374, it must use its former method to identify its dispositions of inventory.

• All such inventory has been valued at the lower of cost, calculated on a FIFO method, or market.

• Where inventories are valued at cost, specific identification or the FIFO method has been used.

• The values at which such inventories are carried are based on the FIFO method and are stated in accordance with generally accepted accounting principles consistently applied by the Sellers at the lower of historic cost or market.

• FIFO Adjusted EBIT and ROIC performance goals are based on the three-year average annual goal, with inventory based on the FIFO method of accounting.

More Definitions of FIFO method

FIFO method. ’ means the method by which the value of non-originating mate- rials first received in materials inventory, determined in accordance with sec- tion 7 of this appendix, is considered to be the value of non-originating materials used in the production of the good first shipped to the buyer of the good; ‘‘identical materials’’ means, with respect to a material, materials that are the same as that material in all respects, including physical characteristics, quality and reputation but excluding minor differences in appearance;

FIFO method. (First In First Out) shall mean when the asset that was purchased (manufactured) first is the one that is sold (used) first, consequently the assets that remain at the end of a period are the ones purchased (manufactured) last.

FIFO method means the first in, first out method as reflected on the books and records of the Business, determined in accordance with GAAP.

FIFO method means the method by which the origin of fungible materials first received in materials inventory