Examlex
What is the name of the video editing software developed by Apple?
First-in
Commonly part of the term "First-in, First-out (FIFO)", a method used in inventory management where the oldest stock is sold first.
Labor
Work performed by humans that is used in the production of goods and services.
Equivalent Unit
A metric in cost accounting that quantifies the effort invested in partially finished units by equating it to the output of completely finished units.
First-in
implies the method where the earliest goods produced or acquired are the first to be used or sold.
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