What is the definition of Perpetual inventory fifo? | Dictionary.net

PERPETUAL INVENTORY FIFO

\pəpˈɛt͡ʃuːə͡l ˈɪnvəntɹˌi fˈiːfə͡ʊ], \pəpˈɛt‍ʃuːə‍l ˈɪnvəntɹˌi fˈiːfə‍ʊ], \p_ə_p_ˈɛ_tʃ_uː_əl ˈɪ_n_v_ə_n_t_ɹ_ˌi f_ˈiː_f_əʊ]\

Definitions of PERPETUAL INVENTORY FIFO

1910 - Black's Law Dictionary (2nd edition)

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An automatic, or manual system of inventory accounting in which the inventory is accounted using a FIFO based method, in which any deliveries or adjustments are made as soon as they take place.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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