How FIFO works in Odoo 17 Inventory

In Odoo, FIFO (First In, First Out) refers to a method of inventory valuation and cost tracking. The FIFO method assumes that the first items added to the inventory are the first ones sold or used in production. This means that the cost of goods sold (COGS) and the value of remaining inventory are calculated based on the cost of the earliest acquired items.

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