Under the FIFO principle, which items should be used first?

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Multiple Choice

Under the FIFO principle, which items should be used first?

Explanation:
FIFO means you use stock in the order it was received, so the oldest items are used first. This minimizes the risk of spoilage or obsolescence and keeps inventory costs consistent with the idea that older purchases are consumed before newer ones. The other options describe using newer items first, which is not what FIFO does.

FIFO means you use stock in the order it was received, so the oldest items are used first. This minimizes the risk of spoilage or obsolescence and keeps inventory costs consistent with the idea that older purchases are consumed before newer ones. The other options describe using newer items first, which is not what FIFO does.

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