This site is for the Mark & Naomi Iliff family. For Mark’s work persona go to Talespinner
A basis for the valuation of stocks (inventory) hard-found by young auditors
Client: How do we value stocks? FOFO.
Initialism for Go away and find out
Mark – 1976-7
Mark Iliff – owner
The most common valuation basis is First In, First Out (FIFO)
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Fly In Fly Out workers in the mines of West Australia!
—CC, 12 Sep 2023