For stock management, under FIFO, which items should be used first?

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Multiple Choice

For stock management, under FIFO, which items should be used first?

Explanation:
Under FIFO, you use items that were received earliest first. This means you pull from the oldest batch or oldest received stock before using newer stock. This helps prevent spoilage or obsolescence and keeps inventory fresh, especially for perishable items. It also aligns with the idea that the earliest-in costs are used first in the cost flow. The other options describe newer or more expensive stock, which would delay turnover of older stock and do not follow the FIFO rule.

Under FIFO, you use items that were received earliest first. This means you pull from the oldest batch or oldest received stock before using newer stock. This helps prevent spoilage or obsolescence and keeps inventory fresh, especially for perishable items. It also aligns with the idea that the earliest-in costs are used first in the cost flow. The other options describe newer or more expensive stock, which would delay turnover of older stock and do not follow the FIFO rule.

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