First In First Out method is used in inventory management where the oldest produced/purchased products are to be sold first. This method is suitable for perishable goods as they may expire and incur a loss if kept in the inventory for too long.
First In First Out method is used in inventory management where the oldest produced/purchased products are to be sold first. This method is suitable for perishable goods as they may expire and incur a loss if kept in the inventory for too long.
