At the Bay Restaurant, the Dates Stamped on Food Products

Multiple Choice

At the Bay Restaurant, the dates stamped on food products in production areas are usually older than the dates stamped on most of the same items held in storage. Which of the following best describes the inventory rotation method of the restaurant?

A) ABCD system
B) LIFO (last in, first out) system
C) FIFO (first in, first out) system
D) weighted average system