By placing FIFO as the primary method, the period FIFA is situated upon the usage of the actual costs, which are associated with the inventory first, and then allocating the current costs with the inventory which is yet unsold.
PERIODIC FIFO
By placing FIFO as the primary method, the period FIFA is situated upon the usage of the actual costs, which are associated with the inventory first, and then allocating the current costs with the inventory which is yet unsold.