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FOFO noun

A basis for the valuation of stocks (inventory) hard-found by young auditors


Client: How do we value stocks? FOFO.


Initialism for Go away and find out


Mark – 1976-7
Mark Iliff – owner


The most common valuation basis is First In, First Out (FIFO)

Submitted: 10/09/2023 by Mark


 Fly In Fly Out workers in the mines of West Australia!

—CC, 12 Sep 2023

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