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When Issuing Inventory,what Are the Correct Abbreviations and Definitions for the Distribution

Question 12

Multiple Choice

When issuing inventory,what are the correct abbreviations and definitions for the distribution of inventory to production?


A) LILO means Last in, Last out and FIFO means First in, First Out
B) LIFO means Last in, First out and FIFO means First in, First Out
C) FILO means First in, Last Out and FIFO means First in, First Out
D) FILO means First in, Last Out and LILO means Last in, Last Out

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