Question

1. what name describes an inventory practice that essentially means that the goods that are purchased first should also be the first good to go?

○ fda

○ fema

○ nato

○ fifo

Explanation:

We analyze each option: FDA is related to food and drug administration, FEMA deals with emergency management, NATO is a military alliance. FIFO (First - In, First - Out) is an inventory valuation method where the first goods purchased are the first to be sold or used, matching the described inventory practice.

Answer:

D. FIFO